What is New York Stock Exchange (NYSE)?
The New York Stock Exchange, dubbed as the largest of its kind in the world, is a US-based trading platform. Commonly known as NYSE, the marketplace is known to witness the buying and selling of millions of stocks and other securities every day.
With its main trading hours spanning between 9:30AM SET and 4:00PM EST, the NYSE is also counted among the most important and busiest financial markets on a global level.
Established in 1792, it was initially named New York Stock & Exchange Board. The rebranding to its current name came in 1863.
The NYSE was also known to be boys’ club until the late sixties. The trend was broken by American businesswoman Muriel Siebert in 1967, when she became the only woman among 1,365 male traders on the exchange.
The platform became a not-for-profit establishment in 1971.
It became publicly traded in 2006, at a time when the public and traders were using electronic systems to trade stocks. In 2007, it merged with Euronext and, the following year, it acquired American Stock Exchange.
In November 2013, Intercontinental Exchange Inc purchased the NYSE.
With a history of over 200 years, the NYSE is recognized for assisting companies navigate global markets and access capital. It claims to offer services such as:
What can be listed on the New York Stock Exchange (NYSE)?
The New York Stock Exchange provides a range of choices to list various types of securities and asset classes:
Frequently asked questions (FAQs)
Discretionary Order (D Order) is a tool that has enhanced the ability of the floor brokers to perform their traditional function of representing brokers, dealers, institutional investors, and retail investors interest. It uses the technology to replicate the manual role of the floor brokers.
It allows the floor broker to interact with contra-side orders at the range of prices, provide additional flexibility over Limit on Close orders (LOCs) and Market on Close orders (MOCs) residing in the electronic order book. Thus, it helps the investors to maximize the benefits of the NYSE closing auction.
NYSE Arca (formerly known as Archipelago Exchange) is an exchange in the United States on which equities and exchange-traded products (ETPs) are listed. It specializes in ETP listings, including exchange-traded notes (ETNs), exchange-traded funds (ETFs), and exchange-traded vehicles (ETVs). In addition, it also allows the traders and investors to participate in the opening and closing auctions.
The New York Stock Exchange acquired the platform in 2006, after which NYSE Arca was formed. NYSE Arca’s key components include NYSE Arca Options and NYSE Arca Equities.
It is a fully automated exchange that automatically matches buy and sell orders. In addition, it eliminated the middlemen by directly connecting the brokers with individual traders.
NYSE American, originally known as the American Stock Exchange or AMEX, is a stock trading platform that primarily lists small-cap stocks. It uses market makers to ensure an orderly marketplace and ensures liquidity for its listed securities. This exchange is designed for growing companies and offers investors great choice.
The American Stock Exchange, which is said to have originated the trading of exchange-traded funds (ETFs) and mutual funds, was purchased by NYSE Euronext in year 2008. Companies that cannot meet NYSE’s stringent listing and reporting requirements are listed on AMEX.