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Since 1975, it became a non-profit Corporation, owned by its 1366 individual members (this number consistently
with 1953 year). Places of members can be sold and the cost can varies to 3 million dollars.
In March 2006, the NYSE completed a merger with electronic stock Archipelago Holdings and for the first time offer
shares to investors, becoming, thus, commercial organization.
In early June 2006 it was announced a coming merger the new York stock exchange with European stock exchange
Euronext. This merger took place on 4 of APR in 2007 year.
The main difference between stock exchange of new York from other similar sites is huge tools of the trade, namely,
more 8 thousand shares at the disposal of brokers. The main condition activities the NYSE is absolute
transparency. All see all. That is at any time, using a special app, designed specifically for users of NYSE (LEVEL-2,
Arca book, Nyse open book), you can monitor the actions of traders, thus making the overall picture of the market.
For the admission to the stock exchange, the issuing company must have the following characteristics:
Income before taxes for last year 2,7 млн долл.
Profit for the 2 the previous year 3,0 млн долл.
The net value of tangible assets — 18,0 млн долл.
The number of shares in public hands — on 1,1 млн долл.
The market value of the shares 19,0 млн долл.
The minimum number of shareholders, owning 100 promotions and more, — at least 2 thousand.
The average monthly trading volume of the shares of the Issuer must be at least 100 thousand. $ . in the
past 6 months.
Let's move to the participants of the NYSE stock exchange. On the stock exchange is 1366 members:
brokers-Commission agents – 700 people;
specialists 400 people;
brokers в зале – 225 people;
stock brokers 41 people.
1. Brokers-middlemen work at one of the brokerage firms. The main task – to collect orders from customers and
delivered in the exchange hall. The broker Commission is responsible for the execution of orders.
2. Stock brokers engaged in the implementation of the orders of other brokers, are assistants to the brokers-
middlemen (in the case, when they do not have time to cope with the large volume of applications). Receive a
portion of the commissions, which customers pay to the broker. To work on the stock exchange must take the
exam, to obtain a license and be registered on the NYSE.
3. Traders make deals in exchange for their money. The client orders them to perform illegal. Income exchange
trader develops due to the difference of exchange in the market (speculation). Often stock traders are called
"competitive traders".
4. Experts – professional employees of the market, collecting applications from brokers for the purchase (sale)
stock. The function is similar to the operation of brokers. If the broker-the Commission has no time to order, it is
passed to the specialist. The latter is obliged to follow. If the deal fade, specialist получает проценты брокера-
коммиссионера. All orders recorded in the last book limited orders.
On this slide you can see the largest companies on the stock exchange. Take into account that industry, credit
services, telecommunications, aviation are in the forefront.
So, let's summarize, what I said before.
New York stock exchange is the main stock exchange in the United States and the world's largest.
The Stock exchange was based on 17 of May in 1792 and still exists.
The Stork exchange has its own differences from others exchanges.
Listing on the NYSE has approximately the same criteria, as the others worlds exchanges.
Each of participants of the exchange carries out its own activity. There are next main positions: brokers-
intermediaries, stockbrokers, traders, experts.
The largest companies on the stock exchange are: industrial and credit companies, telecommunication
and aviation.