Unveiling the Mysteries of the New York Stock Exchange: 10 Surprising facts!
The New York Stock Exchange (NYSE) is the world's largest equities exchange by total market capitalization of its listed stocks.
Its founding in 1792 made it the country's first recognized stock exchange.
The NYSE, sometimes known as the "Big Board," is home to many of the oldest publicly trading American companies.
Initially relying on floor trading with the open outcry system, the NYSE has transitioned to electronic systems while maintaining a physical trading floor.
The NYSE's trade day begins with the opening bell ringing at 9:30 a.m. ET, and concludes at 4:00 p.m. ET with the striking of the final bell.
The original signal to start trading was a gavel, which was later replaced by a gong. The bell became the official signal in 1903 when the NYSE moved to 18 Broad St.
The NYSE is begun trading from Monday to Friday, except on certain U.S. holidays. It is open from 9:30 to 4:00.
In 2006, the NYSE became a public entity following the acquisition of Archipelago, an electronic trading exchange.
It later merged with Euronext and was acquired by Intercontinental Exchange, Inc. (ICE) in 2013.
The NYSE plays a crucial role in connecting companies with capital, facilitating conversations, and advancing the interests of its listed companies and investors.