The New York Stock Exchange, commonly referred to as NYSE is a stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York, United States. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$14.242 trillion.
As a registered securities exchange, the NYSE is subject to the regulatory oversight of the SEC. Accordingly, all rules and rule amendments proposed by NYSE must be submitted to the SEC via what is known as a 19b-4 filing. A 19b-4 filing contains the proposed rule text, its intended purpose, and its statutory basis.
he American Stock Exchange (AMEX) got its start in the 1800's and was known as the "Curb Exchange" until 1921 because it met as a market at the curbstone on Broad Street near Exchange Place. Its founding date is generally considered as 1921 because this is the year when it moved into new quarters on Trinity. However, it wasn't until 1953 that it officially became the American Stock Exchange. I
Also known as the "Big Board", the NYSE relied for many years on floor trading only, using the open outcry system. Today, more than half of all NYSE trades are conducted electronically, although floor traders are still used to set pricing and deal in high volume institutional trading.
The origins of the exchange date all the way back to 1792. Because of its long operating history the NYSE is home to the majority of the world’s largest and best-known companies. Foreign-based corporations can list their shares on the NYSE if they adhere to certain Securities and Exchange Commission (SEC) rules, known as listing standards.
in 1835 The Great Fire in New York City destroyed over 700 buildings in downtown New York including the New York Stock and Exchange Board building on Wall Street. This forced NYSE to find temporary space until it could be rebuilt. After rebuilding, the board continued until 1863 when the name was changed to the New York Stock Exchange, which is still in effect today, and in 1865 moved to new location on Broad Street.
Over the next several decades the NYSE experienced both highs and lows, but the most devastating event occurred on Black Thursday, October 24, 1929. This was the start of the Stock Market Crash of 1929, an event that was devastating not only to the NYSE but to the world. The crash was one of the major events that led to a Great Depression where millions of people lost jobs when businesses closed, lost money when the market crashed and lost their homes. The Depression remained for most of the 1930’s and not until the beginning of World War II did the country start to come of the economic difficulties.
Similar to the school bells that most of us heard during our school days, the New York Stock Exchange's (NYSE) opening and closing bells mark the beginning and the end of each trading day. More specifically, the opening bell is rung at 9:30am EST to mark the start of the day's trading session. At 4pm the closing bell is rung and trading for the day stops.
There’s a stock that George Washington could have bought and sold that you can still buy and sell today.
You read that right.
A stock that you can easily buy and sell in 2012, on the New York Stock Exchange, could also have been bought and sold on the NYSE as early as 1792, when George Washington was President George Washington.
What is it?
After the Panic of 1837, when many investors suffered heavy losses, the exchange began to demand that companies disclose to the public information about their finances as a condition of offering stock. The Stock Market Crash of 1929, which signaled the start of the Great Depression, led to investigation by the federal government and regulation by the Securities and Exchange Commission.
A merger with Euronext N.V., a group of European securities exchanges, created the holding company NYSE Euronext in 2007. In 2008 NYSE Euronext acquired the American Stock Exchange (subsequently renamed NYSE Amex Equities). Three years later it was announced that NYSE Euronext would merge with Deutsche Börse, operator of the Frankfurt Stock Exchange.