The largest stock exchange in the world

The largest stock exchange in the world



Contents

  • 1 New York Stock Exchange the largest exchange in the world
  • 2 How the New York Stock Exchange works
  • 3 working hours
  • 4 References

The New York Stock Exchange is the largest exchange in the world

The New York Stock Exchange is the largest exchange in the world, located on Wall Street in New York, USA, was established in 1817 AD, but it did not carry the name of the New York Stock Exchange until 1963, and its market value reached $ 23.12 trillion in March. From 2018 AD, this constitutes 40% of the total global stock market, and the number of companies listed on the New York Stock Exchange more than 2,400 companies from different sectors, such as: energy, finance, health care, in addition to consumer goods. [1]

How the New York Stock Exchange works

Trading is done in two ways on the New York Stock Exchange, either through brokers or electronically, and regardless of the method of trading, financial deals are considered in a public auction, for example brokers trade shares on the stock exchange where the auction takes place between sellers and buyers at the highest price, and brokers represent the entity that buys Shares The selling price, which is called the bid price, is determined, and after the offer is sold it is not sold until there is another broker who wants to buy it. [2]


Traders and brokers must obtain the approval of the New York Stock Exchange, and they must have a commercial license that enables them to trade shares before trading, either electronically and commercial deals are completed so that the computer plays the role of the trader that brings together the seller and the buyer. [2]

work hours

Trading and work begins on the New York Stock Exchange at nine thirty in the morning until four in the afternoon, according to Eastern Time, where the announcement of the day and its closing will be announced through the ringing of the bell after pressing the bell button, and the bell has become the official mark to start and end the trading day in 1903 AD, either Before that, the official reference was the hammer, until the late nineteenth century. [3]

Post a Comment

0 Comments