What is the New York Stock Exchange?

by Dual Income No Kids on April 21, 2009 · 0 comments

The NYSE is America’s oldest stock exchange. It traces its roots back to an incorporation agreement signed under a buttonwood tree in 1792. Its basically a building with a bunch of huge rooms where people buy and sell stocks. Hint: its the chaotic place you see on the back of CNBC broadcasts. By volume alone this monument to capitalism is one of the world’s largest places where shares are traded. Over a billion units of stock are bought or sold on the NYSE every day. Wealth is made and lost every minute the exchange is open, sometimes in drastic amounts. It’s a place of action where perceived wealth (in the form of stocks) is trading hands every second.

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