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What is NYSE
NYSE
Established in 1792, the New York Stock Exchange is the largest securities exchange in the United States. Securities are traded by brokers and dealers for customers on the trading floor at 11 Wall Street in New York City. The exchange is headed by a board of directors that includes a chairman and 20 representatives who represent both the public and the members of the exchange. This board approves applicants as new NYSE dealers, sets policies for exchange, oversees the exchange, regulates member activities, and lists securities.
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Located on Wall Street in Manhattan and known as the "Big Board", it's the largest and oldest trading house for stocks in the world; shares in older, established companies are bought and sold on the NYSE.
The New York Stock Exchange (NYSE) is the largest equities marketplace in the world. It is home to some 2,800 companies with a global market value of approximately $20 trillion. These companies include a cross-section of large, midsize and small capitalization companies. Non-U.S. issuers play an increasingly important role on the Exchange. Our nearly 460 non-U.S. companies are valued at $7.1 trillion.
Organization
• First organized: May 17, 1792
• First constitution: March 8, 1817
• First incorporated: February 18, 1971 as the New York Stock Exchange, Inc., a not-for-profit corporation.
Member Firms
• Highest price paid for a membership: $3,000,000 on August 3, 2005
• Lowest price paid for a membership: $2,750 in 1871
• First member firm to incorporate: Woodcock, Hess & Co., Inc., 1953
• First member firm to go public: Donaldson, Lufkin & Jenrette, 1970
• First member firm to be listed on the NYSE: Merrill Lynch
Listed Companies
• First listed company: Bank of New York, traded under the Buttonwood Tree, 1792
• Longest listed company: Con Edison, listed in 1824 as the New York Gas Light Company
• Oldest listed company: Bowne & Company, Inc., founded 1775; listed 1999
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