NYSE

NYSE

See: New York Stock Exchange

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NYSE

New York Stock Exchange. The oldest securities exchange in the United States and the largest in the world by dollar value. Founded in 1792, it merged with Euronext in 2007 to form NYSE Euronext, which operates the exchange. Equities in 3,000 companies and 2,000 bonds are traded on the NYSE floor, with a market capitalization of $10.1 trillion in October 2008. The exchange operates as an auction, in which potential buyers and sellers gather around an appropriate floor specialist, who is employed by an NYSE member firm (not the NYSE itself) and who acts as an auctioneer to the buyers and sellers, who attempt to buy at the lowest possible price or sell at the highest. The right to trade on the floor belongs to any one of the owners of the 1366 seats on the exchange floor.

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New York Stock Exchange (NYSE). The New York Stock Exchange (NYSE) is one of the two securities exchanges operated by the NYSE Group, Inc. It's the oldest securities exchange in the United States and the largest traditional exchange in the world.

Trading on the floor of the exchange is by double auction system, handled by floor brokers representing buyers and sellers, and by specialists -- one for each listed security.

NYSEArca, the other NYSE Group exchange, is an all-electronic market, where trading is direct and anonymous.