New York Stock Exchange

The New York Stock Exchange (NYSE) is a for-profit organization that enables trading and listing of securities on the stock exchange, as well as overseeing other activities related to facilitating high-end security trading environment. Located at 18 Broad Street in New York City, the New York Stock Exchange is the biggest securities exchange in the world. Established in 1792, it is also the oldest organized securities market in the nation. New York Stock Exchange is a self regulating body. This means that the New York Stock Exchange is managed by its own regulatory board that approves and appoints its own representatives, as well as set policies for operation. However, the New York Stock Exchange does not interfere with the trading itself by buying, selling, or owning shares of companies that trade on the New York Stock Exchange. Instead, the trading on New York Stock Exchange is governed by the market forces of supply and demand. Despite many technological advances, New York Stock Exchange continues to employ floor traders. The New York Stock Exchange is also known as the “big board”.