New York Stock Exchange
Headquarters: 11 Wall St.
New York, NY 10005
Phone: (212) 656-3000
Employees: 2,000+
President: Thomas Farley
Subsidiary of Intercontinental Exchange
Website: http://www.nyse.com
The New York Stock Exchange is the nation's leading stock trading market and home to shares of the world's largest companies.
Intercontinental Exchange (ICE) acquired the NYSE in 2013 for $11.1 billion.
Listings on NYSE include 90% of the Dow Jones Industrial Average and 78% of the S&P 500.
NYSE Euronext's equities markets - the New York Stock Exchange, Euronext, NYSE MKT, NYSE Alternext and NYSE Arca (formerly Archipelago) - represent one-third of the world's equities trading, the most liquidity of any global exchange group. NYSE Euronext also operates NYSE Liffe, one of the leading European derivatives businesses and the world's second-largest derivatives business by value of trading.
The grand trading floor of the Exchange has been featured daily on TV shows and news programs. The number of actual human traders on the floor of the NYSE has drastically been reduced over the past decade as more trading is done via computers.
On September 19, Chinese e-commerce company Alibaba Group went public on the NYSE and raised $21.8 billion, the largest IPO in history.
History
The New York Stock Exchange traces its origins to 1792, when 24 New York City stockbrokers and merchants signed the Buttonwood Agreement. This agreement set in motion the NYSE’s unwavering commitment to investors and issuers.
The new home to the NY Stock Exchange would open in 1903 after the old building was demolished. It has six massive Corinthian columns outside and was one of the first buildings to have air conditioning.
Bells were introduced when continuous trading was instituted in the 1870s. Originally, a Chinese Gong was used, but brass bells have been used since The Exchange moved to its current location in 1903.
There is one large bell in each of the four trading areas of the NYSE. The bells are operated synchronously from a single control and are rung during the opening of trading at 9:30 a.m. and close of trading at 4 p.m.
Trading of stocks had been done in fractions until 2000 when decimal trading began.
The NYSE would go public itself in March 2006.
NYSE Euronext, the holding company created by the combination of NYSE Group, Inc. and Euronext N.V., was launched on April 4, 2007 following a merger.
In 2008, NYSE Euronext acquired the American Stock Exchange. Originally called the "curb market" because its brokers traded outdoors in the street, the Amex has been at the forefront of the U.S. financial markets over the course of two centuries.
The Deutsche Bourse and NYSE Euronext agreed in a $10 billion merger to create a global trading powerhouse in 2011. The deal was called off after the European Commission failed to approve the merger for fear of creating a monopoly.
Updated September 19, 2014
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