In terms of how much money is traded at any given day, the New York Stock Exchange is considered the largest exchange market in the world. It is also regarded as the leader in the equities market in terms of technology and investments coming in from all corners of the globe. Every day, the New York Stock Exchange is where the biggest companies buy and sell billions of dollars worth of shares.
The New York Stock Exchange consists of member-brokers who take on the trading of stocks (buying and selling) for clients, which are financially large companies based in different parts of the world. Combined, the value of companies that trade on the New York Stock Exchange is estimated at nearly four trillion dollars. Members of the New York Stock Exchange buy and sell millions of dollars worth of stock for their clients every single day.
Through the New York Stock Exchange, companies sell their stocks to the public in an effort to raise money to use in their business operations. For instance, big corporations like Sony or Coca-Cola sell stocks on the New York Stock Exchange to the public. Those who buy stocks from these large corporations become stock owners of the companies. US-based corporations are not the only ones that can sell stocks on the New York Stock Exchange. Currently, there are about 2,800 companies located from all over the world listed on the New York Stock Exchange.
Those who shares of large corporations are in part owners of those corporations and as such, these corporations must regard the shareholders as if they own a large portion of their stocks. The New York Stock Exchange requires all companies trading stock to provide their shareholders with complete financial reports the way they do their Chairman of the Board. You can find out more about stock trading at http://www.learningtotradestock.com
To safeguard the interest of investors, the New York Stock Exchange has regulations in place to monitor the activities of member-brokers. A seat in the New York Stock Exchange can cost a few million dollars.
Here are a few facts all about the New York Stock Exchange that you may find interesting:
* The Bank of New York was the first company that was listed with the New York Stock Exchange. The bank bought and sold stocks in 1792 beneath the Buttonwood Tree.
* Con Edison, which traded as the New York Gas Light Company in 1824, holds the record for the longest company listed in the New York Stock Exchange.
* In 1878, the New York Stock Exchange installed it first telephone. Five years later, in 1883, electric lights were installed.
If you are interested in investing on the New York Stock Exchange, you must get in touch with one of the member firms or one of the member firm's brokers. Before entrusting your money to a member firm or a broker in a member firm, ensure that they have the necessary licenses to trade at the New York Stock Exchange.
Article by Dean Forster at http://www.learningtotradestock.com
Learn more about the stock market and making a profit trading stocks and shares at Trade Stock