The New York Stock Exchange (NYSE) is the largest stock exchange in the world by market capitalization. It is located on Wall Street in the financial district of Lower Manhattan, New York City, USA.
The NYSE was founded in 1792 when a group of brokers signed the Buttonwood Agreement, which established rules for trading securities among its members. Since then, the NYSE has grown to become a global symbol of capitalism and a major player in the global financial system.
The NYSE lists stocks of many of the largest companies in the world, including Apple, Microsoft, and ExxonMobil, among others. It operates as an auction market, where buyers and sellers come together on the trading floor to buy and sell shares of stock. The trading floor is famous for its bustling activity and the colorful jackets worn by the traders.
In recent years, the NYSE has faced increasing competition from electronic trading platforms, and it has adapted by investing heavily in technology to remain competitive. The exchange is now a hybrid market that combines traditional auction trading with electronic trading.
The NYSE is also known for its opening and closing bell ceremonies, which are broadcast on financial news networks and feature celebrities, executives, and other notable figures ringing the bell to mark the start and end of trading for the day.
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