New York Stock Exchange (NYSE)

What is the New York Stock Exchange?

New York Stock Exchange (NYSE) the NYSE, located on Wall Street in Manhattan, is one of the largest and most well-known equity markets in the world.

Where have you heard of the New York Stock Exchange?

The rise and fall of the New York Stock Exchange has inspired many Hollywood movies, including the recent release of The Wolf of Wall Street. The New York Stock Exchange also made headlines after the 2008 financial crisis. When people discuss irresponsible transactions, which are the main factors leading to the financial crisis, they often refer to the famous address of Wall Street.

What you need to know about the New York Stock Exchange...

During trading hours, the NYSE acts as a financial auction house to buy and sell shares of publicly traded companies on behalf of investors. In the past, the NYSE relied entirely on a trading floor and public quotation system, but now most NYSE shares can be traded on its integrated electronic platform.

The performance of all NYSE listed stocks is measured by the NYSE Composite Index. Since all NYSE stocks are subject to stringent listing requirements and include many foreign stocks, the index is well known to investors for its quality and global diversification.

Although the NYSE was once a private institution, it went public in 2005 and gained its current scale and global reach through multiple mergers. In 2013, the NYSE was acquired by the Intercontinental Exchange for $11 billion.