New York stock exchange

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New York stock exchange (English:New York Stock Exchangeabbreviation:NYSEabbreviation:New York Stock Exchange), it is the second largest stock exchange market in the world.

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New York Stock Exchange overview

  New York Stock Exchange (NYSE)It is the second largest stock exchange in the world. It was once the largest exchange until its trading volume was reduced in 1996NASDAQexceed. At the end of April 2005, NYSE andAll electronic stock exchangeArchipelago merged into a for-profit organization. The headquarters of the New York Stock Exchange Co., Ltd. is located at 11 Broadway Street, New York City, New York, USAWall StreetSouth of the corner. About 2800 companies are listed on the New York Stock Exchange, with a global market value of $15 trillion. By July 2004, 30 were inDow Jones industrial average In addition toIntelandMicrosoftEverything elseNYSEListing.On June 1, 2006, the New York Stock Exchange announced thatPan European stock exchangeCombined compositionNYSE Euronext(NYSE Euronext)。

New York Stock Exchange Building
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New York Stock Exchange Building

History of the New York Stock Exchange

May 17, 1792, when 24Securities brokerUnder the Wutong tree outside Wall Street, New York, 68, signed.buttonwood agreement, announced the birth of the New York Stock Exchange. On March 8, 1817, the organization drafted a constitution and changed its name to "New York Securities and Exchange Commission". In 1863, it was changed to its current name, the New York Stock Exchange. Since 1868, membership has been obtained only by buying seats from old members at that time.

The first headquarters of the New York Stock Exchange was a room at No. 40 Wall Street with a monthly rent of $200 in 1817. The exchange only had its own building in 1865. The building located at 11 Wall Street in New York City was opened in 1903. There are three stock trading halls and one bond trading hall in the exchange, including the main hall, blue hall and garage. It is a place for securities brokers to gather and trade with each other. There are 16 trading booths. Each trading booth has 16 to 20 trading counters, all equipped with modern office equipment and communication facilities. The main business objects of the exchange are stocks, followed by various domestic and foreign bonds. Except holidays, the trading time is five days a week and five hours a day. Since the 1920s, it has beenInternational Financial Center, the sharp rise and fall of the stock market here will take place in other capitalist countriesstock marketproducechain reaction, causing fluctuations. Now it is also one of the most popular tourist attractions in New York City.

In July 1914, the exchange was closed shortly after World War I, but it reopened on November 28 of that year, making all kinds of bonds freely traded to support the war.

On October 24, 1929“Black Thursday”,American stock marketThe panic caused by the collapse and the decline of share prices promptedGreat Depression。 On October 31, 1938, in order to restore the confidence of investors and improve the protection of the investing public, the exchange launched15:00 plan

On October 1, 1934, the exchangeSecurities and Exchange CommissionIt is registered as a national stock exchange and has a board of directors with one chairman and 33 members. On February 18, 1971, the non-profit corporation was officially established, and the number of board members was reduced to 25.

Since 1953, the membership has been limited to 1366. Only companies with a profit of $2.5 million (before tax), a minimum of 1 million shares issued and sold, voting rights for ordinary shareholders and regular financial disclosure are eligible for listing on the exchange. By February 1999, the average daily trading volume of the exchange had reached 670 million shares, with a trading volume of about US $30 billion. As of February 1999, there were more than 3000 companies listed on the exchange, including 385 from 48 countriesforeign firms, globallycapital marketMore than 10 trillion yuan has been raised. In addition, thousands of bonds of the U.S. government, companies and foreign governments, companies and international banks are also listed and traded on the exchange.

New York Stock Exchange logo_ Topnew
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New York Stock Exchange logo_ Topnew

NYSE listing requirements

In the development process of more than 200 years, the New York Stock Exchange has played an important role in the development of American economy, the smooth progress of socialized mass production and the construction of modern market economic system.

New York Stock Exchange's requirements for the listing of domestic companies in the United States:

  1. The pre tax profit of the company in the latest year shall not be less than USD 2.5 million;
  2. The public owns the shares of the companyNot less than 110000 shares;
  3. The company has at least 2000 investors, and each investor owns more than 100 shares;
  4. The issuance amount of common shares shall not be less than US $40 million at the market price;
  5. CorporateNet tangible assetsNot less than $40 million.

New York Stock Exchange's requirements for the listing of foreign companies in the United States:

As a worldwide stock exchange, the New York Stock Exchange also accepts the listing of foreign companies, and the listing conditions are more stringent than those of domestic companies in the United States, mainly including:

  1. The number of shares held by the public shall not be less than 2.5 million;
  2. The number of shareholders with more than 100 shares shall not be less than 5000;
  3. The market value of the company's shares shall not be less than US $100 million;
  4. The company must be in the last 3 monthsfiscal yearMake continuous profits, and not less than 2.5 million US dollars in the last year, not less than 2 million US dollars in each of the first two years, or not less than 4.5 million US dollars in the last year, and not less than 6.5 million US dollars in three years;
  5. The net tangible assets of the company shall not be less than USD 100 million;
  6. A number of requirements for the company's management and operation;
  7. Other relevant factors, such as the relative stability of the company's industry, the company's position in the industry, the market situation of the company's products, the company's prospects, public interest in the company's shares, etc.
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