What Is The NY Stock Exchange?

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The New York Stock Exchange is the largest stock exchange in America. It is also one of the most watched stock exchanges around the world. Trading on this exchange is conducted in bonds and stocks as well as financial futures and options. No stock can be traded on this exchange until the company issuing the stock offers the exchange the information that the NY stock exchange demands for its listing. For this reason, the number of overall listings on the exchange varies widely from day-to-day and even from hour to hour. In general, to be listed on the New York Stock Exchange, a company must submit a title, details about the history and business of the company, descriptions of properties, the company status under the Federal Securities Act, any companies that company is affiliated with, details of management, dividend record, capitalization, conversion rights, information about labor relations, any pending legal matters, debt, policies of account keeping, and financial statements.

The New York exchange was founded in May 1792 by 24 brokers and originally traded mostly in bonds. Since there were less than 400 corporations then in America, the exchange mainly dealt with turnpike companies and with banks. Today, the exchange has thousands of members with seats on the exchange and more than a hundred members who have access to the trading floor.

What Is the NASDAQ Stock Exchange?

The NASDAQ (National Association of Securities Dealers Automated Quotations) was begun in 1971, in an effort to make the over-the-counter securities market more effective. The NASDAQ stock exchange was a communication system that designed to link all the firms offering over-the-counter securities markets trading into one large market. The NASDAQ is often considered the second-largest exchange on the US stock market. It is second only to the New York Stock Exchange in volume of sales. Even though you may never be on a stock exchange floor, understanding how the NY stock exchange works and knowing what online stock exchange is can help you understand the process of buying and selling stocks. Understanding how stocks work can only make you stronger investor. Understanding how the market effectively works can help you see how you fit into investments and can help you make the most profitable decisions possible.

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