New York Stock Exchange is one of the biggest stock exchanges in the World. As per US dollar value this exchange is the largest in the World. This exchange is located at Wall Street of New York City. This exchange is considered the most liquid exchange group that operates the World's leading financial markets thereby providing the platform for world class companies to trade and raise the capital to drive the world's economy.
In the year 2007 NYSE (New York Stock Exchange) adopted a full fledged electronic platform to trade stocks. This platform was come into being by the merger of electronic stock exchange Euronext (combined European stock exchange). This exchange then operates as NYSE Euronext. The history of origin of New York Stock Exchange is quite interesting. It goes back to the year 1792 when an agreement name "Buttonwood" was signed by 24 stock brokers under the buttonwood tree on the Wall Street. On March 8, 1817, this group announced the formation of New York Stock and Exchange Board. Then in the year 1863 this organization was renamed to its present name "New York Stock Exchange"
The NYSE Euronext is the first transatlantic stock exchange. Marsh Carter is the current Chairman of this exchange. This exchange has grown so big after fighting various obstacles that came in its way of operations. For instance NYSE was closed immediately after the First World War but was reopened to help the efforts of war. It was crashed drastically in the year 1929 and has a major role in the Great Depression of 1929.
The New York Stock Exchange is sometimes also called as the "big Board". The trading style of this exchange is somewhat like the traditional auctions. Each enlisted member company of this exchange acts as the auctioneer on behalf of the company. Buyers and sellers of stocks come together and trade with auction. This process of auctioning of stocks create an efficient price of the stock that benefits the both buyers and the sellers.
After the NASDAQ, the New York Stock Exchange is the second largest exchange in the world in terms of the companies enlisted with them. NYSE Euronext is one of the leading exchanges that offer future and option trading venues. It has services for businesses such as derivatives on commodities, currencies, equities, bonds, interest rates, indices and swaps. The division of this exchange, NYSE Arca Options is an electronic trading platform for equity options that offers innovative functionality with competitive pricing.
The effects of current recession have also affected the NYSE. Recently it has announced its second loss in the last three quarters. The share of NYSE was drooped to 71 percent in 2008 but has improved due to its aggressive cost cutting. This process has stabilized NYSE up to a good extent. The profit margins of NYSE are also diminishing presently since the close competitors exchanges have lowered their profit margins to boost up trade to fight back recession. The in house competition has crashed the market share of NYSE in its own Big Board listings from 81 percent five years ago to only 39 percent in the second quarter of 2009.
New York Stock Exchange is the World's leading stock exchange. The exchange uses electronic platform for trading. This exchange came into existence from year 1792.
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