New York Stock Exchange
- the largest stock exchange in the U.S., located in New York City. Abbr.: NYSE, N.Y.S.E. Cf. American Stock Exchange.
* * *one of the world's largest marketplaces for securities and other exchange-traded investments. The exchange evolved from a meeting of 24 men under a buttonwood tree in 1792 on what is now Wall Street in New York City. It was formally constituted as the New York Stock and Exchange Board in 1817. The present name was adopted in 1863. For most of the NYSE's history, ownership of the exchange was controlled by members—limited to 1,366 (since 1953)—and the only means of obtaining a membership was by purchasing (since 1868) a seat from an existing member.Greater commercial activity in the United States after the War of 1812 and speculation in railroad stocks in the 1830s increased demand for capital and stimulated trading at the exchange. After the Civil War, the exchange provided the capital for the accelerating industrialization of the United States.After the Panic of 1837, when many investors suffered heavy losses, the exchange began to demand that companies disclose to the public information about their finances as a condition of offering stock. The Stock Market Crash of 1929 (stock market crash of 1929), which signaled the start of the Great Depression, led to investigation by the federal government and regulation by the Securities and Exchange Commission.A corporation must meet defined requirements in order to be listed on the NYSE, and it must meet continued listing criteria to maintain its place there. Corporate governance standards that require the listed company boards to have a majority of independent (nonemployee) directors were introduced in 2003; audit, compensation, and nomination committees must be composed entirely of independent directors. A shift from fractional to decimal pricing occurred in 2001.The ownership structure of the NYSE changed in March 2006 with the formation of the NYSE Group, Inc., a publicly held company. In anticipation of that change, the last seats on the exchange were sold in December 2005 (some selling for as much as $4 million). All seat holders became shareholders of the NYSE Group. A merger with Euronext N.V., a group of European securities exchanges, created the holding company NYSE Euronext in 2007. In 2008 NYSE Euronext agreed to acquire the American Stock Exchange.
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New York Stock Exchange — [ njuːjɔːk stɔk ɪks tʃeɪndʒ], Abkürzung NYSE [enwaɪes iː], zentrale Wertpapierbörse der USA und weltweit größte Börse (auch »Big Board« genannt). Häufig wird der Sitz an der Wall Street als Synonym für die NYSE verwendet. Ihre Entstehung geht… … Universal-Lexikon
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New York Stock Exchange — NYSE The main US stock exchange. It was founded in 1792 under the Buttonwood Agreement (the name of the tree under which 24 merchants agreed to give each other preference in their dealings); it moved to Wall Street in 1793. The New York Stock &… … Big dictionary of business and management
New York Stock Exchange — Sus antecedentes se remontan a 1792 cuando 24 comerciantes y coreedores de Nueva York firman el acuerdo conocido como el Buttonwood Agreement en cual establecen reglas para comerciar con acciones Creada en 1817 cuando un grupo de corredores de… … Enciclopedia Universal
New York Stock Exchange — New York Stock Ex|change, the NYSE the largest ↑stock exchange in the US, where ↑shares in companies are bought and sold. It is also called the Big Board , and its building is on ↑Wall Street in New York City. →↑Dow Jones Average … Dictionary of contemporary English