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New York Stock Exchange

The New York Stock Exchange (NYSE) is located at 11 Wall Street in Manhattan, New York. It is the largest stock exchange in the world based on market capitalization of listed companies. The NYSE was founded in 1792 and traces its origins to an agreement signed under a buttonwood tree. It is now operated by the NYSE Euronext company following a 2007 merger.

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353 views2 pages

New York Stock Exchange

The New York Stock Exchange (NYSE) is located at 11 Wall Street in Manhattan, New York. It is the largest stock exchange in the world based on market capitalization of listed companies. The NYSE was founded in 1792 and traces its origins to an agreement signed under a buttonwood tree. It is now operated by the NYSE Euronext company following a 2007 merger.

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New York Stock Exchange

The New York Stock Exchange (NYSE) is a stock exchange located at 11 Wall Street in lower
Manhattan, New York City, USA. It is the world's largest stock exchange by market
capitalization of its listed companies at US$11.92 trillion as of Aug 2010.[4] Average daily
trading value was approximately US$153 billion in 2008.

The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with
the fully electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall
Street and is composed of four rooms used for the facilitation of trading. A fifth trading room,
located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad
Street, between the corners of Wall Street and Exchange Place, was designated a National
Historic Landmark in 1978,[5] as was the 11 Wall Street building.

History
The origin of the NYSE can be traced to May 17, 1792, when the Buttonwood Agreement was
signed by 24 stock brokers outside of 68 Wall Street in New York under a buttonwood tree on
Wall Street. On March 8, 1817, the organization drafted a constitution and renamed itself the
"New York Stock & Exchange Board." Anthony Stockholm was elected the Exchange's first
president.

The first central location of the Exchange was a room, rented in 1792 for $200 a month, located
at 40 Wall Street. After that location was destroyed in the Great Fire of New York in 1835, the
Exchange moved to a temporary headquarters. In 1863, the New York Stock & Exchange Board
changed to its current name, the New York Stock Exchange. In 1865, the Exchange moved to
10-12 Broad Street.

Notable events

On September 16, 1920, a bomb exploded on Wall Street outside the NYSE building, killing 33
people and injuring more than 400. The perpetrators were never found. The NYSE building and
some buildings nearby, such as the JP Morgan building, still have marks on their facades caused
by the bombing.

The Black Thursday crash of the Exchange on October 24, 1929, and the sell-off panic which
started on Black Tuesday, October 29, are often blamed for precipitating the Great Depression of
1929. In an effort to try to restore investor confidence, the Exchange unveiled a fifteen-point
program aimed to upgrade protection for the investing public on October 31, 1938.

On October 1, 1934, the exchange was registered as a national securities exchange with the U.S.
Securities and Exchange Commission, with a president and a thirty-three member board. On
February 18, 1971 the non-profit corporation was formed, and the number of board members
was reduced to twenty-five.
New York Stock Exchange

The NYSE trading floor in August 2008.

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