The NYSE can trace its roots to 1792, but did not become known as the New York Stock Exchange until 1817 when the organization drafted a constitution. At first it consists of 5 rooms which were used for trading, but today the trading center has grown much larger. It is located at 18 Broad Street, New York City.

The New York Stock Exchange (NYSE), also known as Big Board was formed by a merger between the NYSE and Archipelago Holdings, which is fully electronic, and became known as the New York Stock Exchange Group.  It ‘s the largest stock exchange in the world for the amount of dollars flowing through it every day and has the second largest in terms of number of stock, exceeded only by NASDAQ.

The capitalization of global trade is 2.1 trillion U.S. dollars, with 1.7 trillion U.S. dollars by companies not based in US. It works similar to that of an auction. Each listed company trades in one location. A specialized broker designated by each of the listed companies have a duty to act as an auctioneer on behalf of the company.

Buyers and sellers of a particular action will bring together around a certain place and the auction takes place. This form of trade helps to generate a stock price that is competitive, efficient and fair to both buyers and sellers. Human interaction and educated decision helps to determine the difference in the New York Exchange from other exchanges that are completely electronic.

NYSE Today

When it comes to how much money is exchanged in a given day, the New York Stock Exchange is ranked as the largest trading market in worldwide scope. It ‘also regarded as the vanguard in the stock market in terms of technology and investment from around the world. Every day, the New York Stock Exchange is the place where largest company buy and sell billions of dollars in quantities of shares.

The New York Stock Exchange has member-brokers who take on the trading of stocks (buying and selling) for customers, which are huge financial companies based in different parts of the world. Together with the value of companies that trade on the New York Stock Exchange, is estimated to almost 4,000 billion dollars. Members of the New York Stock Exchange buy and sell millions of shares for their customers every single day.