What is the New York Stock Exchange?
New York Stock Exchange is a device where stocks and securities are being purchased and sold. It is the largest and oldest exchange in the United States and also one of the main players on the world market. The events form the US economy here and also have an impact on American morality, as it clearly showed the "Black Thursday" crash of 1929, which played a major role in great depression. After crossing several places, the stock exchange settled into its house on 11 Wall Street in New York. About 1,500 employees are working for the organization, which is operated as a non -profit company and is governed by the Board of Directors. It provides securities available for sale or trade, supervises shops and sales and sets principles within the shares and securities industry.
In the New York Stock Exchange, approximately 3,000 companies are given. All right to become a publicly mentioned company, the company must submit annual reports, offer shares for trade and indicate revenue over $ 2.5 million (USD) before taxes. Once the company isTheness listed, can be purchased and sold on the stock exchange, either directly from the representatives of the company walking on the floor or from other traders.
Many stock companies on the stock exchange around the world have switched to an electronic format for purchase and sale. The New York Stock Exchange captivates the hybrid approach and offers both electronic shops and auctions on the trade floor. In order to work on a trade floor, the brokers must buy a license, although they were obliged to buy one of only 1,366 seats on the stock exchange by 2005.
, along with other financial institutions, New York Stock Exchange plays a major role in shaping the American economy and financial policy. Its aim is to provide a safe and safe environment in which to trade, and often supports further regulation of this industry to ensure that investors continue to do business. But trading on NYSE is not for the weak heart. Business floors are overFilled and chaotic, full of a wide range of sensory inputs, including screaming traders, Ticker screen with details of the reports and prices of shares and crushing humanity trying to buy and sell.