NYSE

A detailed Summary of NYSE

The NYSE was first housed at a rented room at 40 Wall Street in 1817. A 5-story building at 10 Broad Street opened in 1865.It was enlarged and remodeled during the 1870s and 1880s, then was demolished in 1901 to make way for the current building.The new Exchange building at 18 Broad Street opened in 1903.Styled in the classical-revival manner popular at the time, it was designed by George B. Post, a well-known architect and engineer.The sculptor John Quincy Adams Ward designed the pediment.The eleven figures in the pediment are emblems of American commerce and industry.The central figure symbolizes integrity, bordered by figures representing sources of wealth. Other figures personify agriculture, mining, science, industry and invention.The view of lower Manhattan from the NYSE building includes the intersection of Nassau, Broad and Wall Streets and looks directly on Federal Hall, the historic site of George Washington's inauguration in 1789.It also includes Trinity Church at the end of Wall Street.The Main Floor occupies 36,000 square feet with a ceiling of 86 feet, including the Garage, Blue Room and Expanded Blue Room.It con

sists of 17 trading posts, 340 trading positions and 3,000 people who work on the trading floor.Trowbridge & Livingston designed a 23-story building on 11 Wall Street. The Garage was added as a second trading room when the Exchange opened in 1922.20 Broad Street opened in 1956.Added as a third trading room, the Blue Room opened in 1969 and was expanded in 1988.The Garage, Blue Room, and the Expanded Blue Room each measure 7,000 square feet.Each trading post represents the auction market for many different securities.Buy and sell orders are received on the terminals and executed in the open market.There are nearly 3,000 NYSE-listed companies and about 400 of them are non-US listed companies.There are more than 10,000 institutions investing in the NYSE.The total dollar value of the corporate size of all NYSE listed companies is more than $17.3 trillion.The broker booths occupy the perimeter of the floor and are owned and operated by member firms.The NYSE trading floor contains 1,500 booth spaces.There are about 500 member firms in the NYSE. NYSE member firms employ 100,000 registered workers.Originally, only members and their gues

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Approximate Word count = 764
Approximate Pages = 3 (250 words per page double spaced)

Category: Politics

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NYSE

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