Tuesday, April 14, 2009

Stock Exchange

The New York Stock Exchange (NYSE) is the largest and the oldest stock exchange in the United States. Located on Wall Street this exchange can be traced all the way back to 1792. This exchange trades approximately 1.46 billion shares each day including stocks for some 2,800 companies as reported in the Wall Street News. To trade stock on this exchange means that your stock ranges from blue chip stocks to new high-growth companies. Each company traded on this exchange has to meet very strict requirements. This exchange is responsible for setting policy, listing securities, supervising member activities, overseeing the transfer of member seats, and evaluating applicants. The major players on the floor are stock brokers and specialists.

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