New York Stock Exchanger
New York Stock Exchange® (NYSE®)
The trademarked name of the largest and oldest organized securities exchange in the United States. The NYSE, founded in 1792, currently trades a substantial portion of the nation's listed securities. Most large publicly traded firms' stock, including all but two of those listed in the Dow Jones Averages, list their stock on the NYSE. The NYSE operates as an auction market in which orders are brought to the trading floor for execution. Specialists at various locations on the floor are assigned stocks for trading. The specialists bring buyers and sellers together. They also buy and sell for their own accounts. The exchange, which has 1,366 members, lists more than 3,000 equity securities and more than 2,000 bonds. See also bond room, Garage, securities exchange.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.