New York Stock Exchange

New York Stock Exchange (June 2003)

The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. The NYSE is operated by the not-for-profit corporation New York Stock Exchange, Inc, with its main building located at 18 Broad Street, at the corner of Wall Street, in New York City, New York, U.S.A NYSE is home to some 2,800 companies valued at nearly $15 trillion in global market capitalization.

NYSE trades, unlike those on some other more "virtual" exchanges (e.g. Nasdaq), always involve face-to-face communication in a particular physical location. There is one podium/desk on the trading floor for each of the exchange's stocks. Exchange members interested in buying and selling a particular stock on behalf of investors gather around the appropriate podium/desk, where a NYSE employee facilitates the negotiations between buyers and sellers. This buying and selling creates a good deal of hustle and bustle, which has been captured in several movies, including Wall Street.

History

The origin of the NYSE can be traced to May 17, 1792 when the Buttonwood Agreement was signed by twenty-four stock brokers outside of 68 Wall Street in New York under a buttonwood tree. On March 8, 1817 the organization drafted a constitution and renamed itself the "New York Stock & Exchange Board". This name was shortened to its current form in 1863.

The crash of the exchange on October 24, 1929 (see Black Thursday) and the sell-off panic which started on October 29 (see Black Tuesday), precipitated the Great Depression. In an effort to try restore investor confidence, the Exchange unveiled a fifteen-point program aimed to upgrade protection for the investing public on October 31, 1938.

Shortly after the World War I started the Exchange was closed (July 1914) but it was re-opened on November 28 that year in order to help the war effort by trading bonds.

On October 1, 1934, the exchange was registered as a national securities exchange with the US Securities and Exchange Commission, with a president and a thirty-three member board. On February 18, 1971 the not-for-profit corporation was formed, and the number of board members was reduced to twenty-five.

Following a 554.26 point drop in the Dow Jones Industrial Average (DJIA) on November 24, 1997, officials at the Exchange for the first time invoked the "circuit breaker" rule to stop trading. This was a very controversial move and prompted a quick change in the rule; trading thereafter stops only when the DJIA drops at least 10 or 20 percent.

The first central location of the NYSE was a room rented for $200 a month at 40 Wall Street in 1817.

The NYSE was closed from September 11 to September 14, 2001 as a result of the September 11, 2001 Terrorist Attacks.

On September 17, 2003, NYSE chairman and chief executive Richard Grasso stepped down as a result of controversy concerning the size of his deferred compensation package.

External links

New York Stock Exchange website

See also: Dow Jones & Company, Dow Jones Industrial Average

Synonyms within Context: New York Stock Exchange

Context	Synonyms within Context (source: adapted from Roget's Thesaurus).
Mart	Ticker, stock ticker, quotation; stock index, market index, the Dow Jones Index, the Dow Industrials, the transportation index, utilities, the utilities index; the New York Stock Exchange index, the Nikkei index; the Financial Times index, the FTI, the over-the-counter index, NASDAQ index.
	Noun: stock market, stock exchange, securities exchange; bourse, board; the big board, the New York Stock Exchange; the market, the open market; over-the-counter market; privately traded issues.
Source: adapted from Roget's Thesaurus.

Commercial Usage: New York Stock Exchange

Domain	Title
Periodicals	Mansfield Stock Chart Service - New York Stock Exchange Comes With Otc - Monthly Ed (reference) Daily Graphs New York Stock Exchange Ed - Bi-weekly (reference) Mansfield Stock Chart Service - New York Stock Exchange & Ase Charts (reference) Daily Graphs - New York Stock Exchange Ed - Weekly (reference) Daily Graphs New York Stock Exchange Ed - Monthly (reference) (more periodical examples)
Source: compiled by the editor from various references; see credits.

Image Slideshow: New York Stock Exchange

Photo Album: New York Stock Exchange

Thumbnail	Description & Credit	Thumbnail	Description & Credit
	Front of New York Stock Exchange.Credit: CDC.		Gen. Charles T. Robertson, commander of Air Mobility Command and commander in chief of U.S. Transportation Command, led a group of senior officers from both commands on a visit to the New York Stock Exchange Oct. 20. The purpose of the visit was to examin.
	New York Stock Exchange.Credit: Library of Congress.		New York Stock Exchange, New York. Copy of map for slides.Credit: Library of Congress.
	They can do anything we let them get away with : anything -- we let them : Nagasaki Day -- Monday, August 9th, 10 AM, New York Stock Exchange.Credit: Library of Congress.
Source: compiled by the editor from various references; see credits.

Non-Fiction Usage: New York Stock Exchange

Subject	Topic	Quote
Economic History	Mexico	Shares of Telmex, Mexico's incumbent dominant carrier, also are traded on the New York Stock Exchange. (references)
Trade	Chile	Different available financing sources include direct investment, bank debt, bonds, stocks, and, since 1993, issuance of American Depository Receipts on New York stock exchange. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.

Expression: New York Stock Exchange

Frequency of Internet Keywords: New York Stock Exchange

Modern Translations: New York Stock Exchange

Language		Translations for "New York Stock Exchange"; alternative meanings/domain in parentheses.
Danish		New Yorks Fondsbørs (NYSE), New York Stock Exchange (NYSE). (various references)

Dutch		NYSE (NYSE), New York Stock Exchange (NYSE). (various references)

Finnish		New Yorkin pörssi (NYSE). (various references)

German		NYSE (NYSE), New-York-Stock-Exchange (NYSE). (various references)

Italian		NYSE (NYSE), New York Stock Exchange (NYSE), Borsa di New York (NYSE). (various references)

Pig Latin		ewnay yorkay ockstay exchangeay

Spanish		NYSE (NYSE), Bolsa de Nueva York (Nyse). (various references)
Source: compiled by the editor from various translation references.

Alternative Orthography: New York Stock Exchange

Hexadecimal (or equivalents, 770AD-1900s) (references)

4E 65 77 59 6F 72 6B 53 74 6F 63 6B 45 78 63 68 61 6E 67 65

Leonardo da Vinci (1452-1519; backwards) (references)

Binary Code (1918-1938, probably earlier) (references)

01001110 01100101 01110111 00100000 01011001 01101111 01110010 01101011 00100000 01010011 01110100 01101111 01100011 01101011 00100000 01000101 01111000 01100011 01101000 01100001 01101110 01100111 01100101

HTML Code (1990) (references)

&#78 &#101 &#119 &#32 &#89 &#111 &#114 &#107 &#32 &#83 &#116 &#111 &#99 &#107 &#32 &#69 &#120 &#99 &#104 &#97 &#110 &#103 &#101

ISO 10646 (1991-1993) (references)

004E 0065 0077 0059 006F 0072 006B 0053 0074 006F 0063 006B 0045 0078 0063 0068 0061 006E 0067 0065

Encryption (beginner's substitution cypher): (references)

Domain	Definitions
Finance	The largest U. S. stock market in terms of capitalisation. Source: European Union. (references)
	The oldest (founded 1792) and largest securities market in the United States. (NYSE). (references)
Source: compiled by the editor from various references; see credits.

Expression	Frequency per Day
new york stock exchange	3,351
history of the new york stock exchange	25
new york stock exchange tour	19
new york stock exchange quote	11
new york stock exchange rule	7
new york stock exchange photo	5
new york stock exchange company	4
Source: compiled by the editor from various references; see credits.

Expression using "New York Stock Exchange": New York Stock Exchange index. Additional references.
Source: compiled by the editor from various references; see credits.

New York Stock Exchange

Definition: New York Stock Exchange