What is the New York stock market?
by 
The Curious Bag
ANSWERS: 1
-
The New York Stock Exchange (NYSE) is the formal name of the stock market in New York City, located on the famous Wall Street. It is the world's largest stock market.
History
What is now the NYSE began in 1792, with 24 stock brokers signing an agreement under a buttonwood tree on Wall Street.
Features
Today, the NYSE trades shares of stock in more than 2,750 companies and has a collective value of more than $10 trillion.
Index
The NYSE Composite Index tracks the performance of all stocks listed on the exchange. It is used as a key indicator of the strength of the U.S. economy.
Function
Trading still occurs in person on the floor of four rooms at the NYSE, but modern technology allows most trades to be executed electronically. This dual approach to trading is called a hybrid market.
Other Exchanges
Four smaller stock markets are based in New York City: The American Stock Exchange (AMEX), NASDAQ, NYSE Arca and ICE Futures US.
Source:
RELATED QUESTIONS
Copyright 2023, Wired Ivy, LLC