New York Stock Exchange (NYSE)

Dictionary of Accounting Terms for: New York Stock Exchange (NYSE)
New York Stock Exchange (NYSE)

national stock exchange that is located at the corner of Broad and Wall Streets in New York City; often called the Big Board. It has a central trading location where securities are bought and sold in an auction market by brokers acting as agents for the buyer and seller. It is governed by a board of directors consisting of one-half exchange members and one-half public members. The NYSE is the largest exchange and generates the most dollar volume in large, well-known companies. Its listing requirements are the most restrictive. For a company to be listed on the NYSE for the first time, for example, the corporation must have at least 2000 stockholders owning 100 shares, and its aggregate market value must be $18 million or more.

Dictionary of Banking Terms for: New York Stock Exchange (NYSE)
New York Stock Exchange (NYSE)

largest and oldest stock exchange in the United States. The New York Stock Exchange, also known as the Big Board, is the most influential stock exchange, listing securities of the largest U.S. corporations, including the 30 firms listed in the Dow Jones Industrial Average. The NYSE is a self-regulatory organization with a 20-member board of governors who regulate the trading activities of its 1300 members.

Dictionary of Finance and Investment Terms for: New York Stock Exchange (NYSE)
New York Stock Exchange (NYSE)

founded in 1792, it is the largest equities marketplace in the world. It is located at 11 Wall Street in New York City; also known as the Big Board and The Exchange. Approximately 2,800 companies worth $20 trillion in global market capitalization are listed on the exchange, a cross section of leading blue chip, mid-size, and small capitalization companies that meet the NYSE’s stringent listing requirements. More than 450 non-U.S. companies valued at nearly $7 trillion are part of the NYSE market. Average daily stock volume is more than $1.6 billion, with an average dollar value of $55 billion. The NYSE also operates an automated bond market offering investors corporate, agency, and government bonds. NYSE-listed equity issuers can list their bonds without charge on the exchange. Corporate debt represents the largest share of NYSE bond volume, with some 85% in nonconvertible bonds and 15% in convertible debt issues.

In 2005, the NYSE announced plans to acquire electronic stock exchange operator Archipelago Holdings Inc. and become a publicly held company, to be known as NYSE Group Inc. This will enable the public to own shares in the combined group, which will be a diverse platform for trading of listed and over-the-counter securities, options, and other products, including derivatives. Trading hours: 9:30 A.M. to 4 P.M. followed by after-hours automated Crossing Sessions, Monday through Friday. www.nyse.com.

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