The New York Stock Exchange (NYSE) is one of the world’s largest and most well-known equities trading platforms. It’s an essential component of the global financial system and has a rich history dating back to its founding in 1792.
History of the NYSE
The NYSE’s origins trace back to the Buttonwood Agreement, signed by 24 stockbrokers under a buttonwood tree on Wall Street. Over the centuries, the NYSE has evolved into a symbol of American capitalism and a key player in the global economy.
Trading on the NYSE
The NYSE operates as an auction market, where buyers and sellers meet on the trading floor to execute trades. This traditional method contrasts with electronic exchanges but remains a hallmark of the NYSE’s identity.
NYSE Listing Requirements
Companies seeking to list on the NYSE must meet stringent requirements regarding market capitalization, share price, and corporate governance standards. These criteria ensure that listed companies meet specific financial and operational benchmarks.
Market Regulation
The NYSE is subject to oversight by regulatory bodies such as the Securities and Exchange Commission (SEC) to maintain fair and orderly trading. Market surveillance and enforcement of trading rules help uphold the integrity of the exchange.
NYSE Composite Index
The NYSE Composite Index tracks the performance of all common stocks listed on the NYSE, providing investors with a broad overview of the exchange’s overall health and market trends.
