The New York Stock Exchange’s origins stretch back to 17 May 1792. On that day a group of 24 stockbrokers met under an old Buttonwood tree on Wall Street and signed an agreement to trade with one another. A constitution was adopted on 8 March 1817, creating the New York Stock & Exchange Board, the forerunner of today’s New York Stock Exchange.
New York Stock Exchange
Founded 17 May 1792
Address 11 Wall Street, New York, NY10005, USA.
Telephone (212) 656-3000
Owner NYSE, NYSE MKT, and NYSE Amex Options are today owned by the Intercontinental Exchange which operates the leading network of regulated exchanges and clearing houses.
ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. ICE net revenue in 2016 stood at US$4,499m, more than triple the level achieved in 2012.
In the 2016 annual report, ICE CEO Jeffrey C Sprecher writes that in 2016, the NYSE extended its global capital raising leadership to a sixth consecutive year, raising $120 billion in proceeds, including the largest US Initial Public Offering (IPO) of the year, Chinese express delivery company ZTO Express.
Best known indices
- Dow Jones Industrial Average
- Fortune 100
- NYSE Composite Index
- NYSE 100 Fund
NYSE companies represent
- 87% of the DJIA
- 77% of the S&P500
- 80% of the Fortune100
- 09.30am to 04.30pm Monday to Friday
- Except holidays: New Year's Day, Martin Luther King Day, George Washington's birthday/Presidents' Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day, Christmas Day
Market capitalisation US$26.5 trillion
Number of companies listed 2,400+
Five biggest companies listed as of 8 May 2017
- Berkshire Hathaway
- Exxon Mobil
- Johnson & Johnson
- JP Morgan Chase
- Alibaba Group
Serious fun facts
- Company symbols start with A for Agilent and end with ZTR for Virtus Dividend and Income Fund
- Company names begin with AAC Holding andand end with Zhaopin American Depositary shares.
Fun fun facts
- Ringers of the daily opening bell have included
- Mickey Mouse
- the Pink Panther
- Mr Potato Head
- Darth Vader
1792 A group of 24 stockbrokers met under an old Buttonwood tree on Wall Street on 17 May and signed an agreement to trade with one another. Stock trading continued on an informal basis for several years in nearby coffeehouses where merchants typically gathered.
- The stock market was active enough to encourage the brokers to create a formal organisation
- A constitution was adopted on 8 March 1817, creating the New York Stock & Exchange Board
- The new stock exchange rented a room at 40 Wall Street where the brokers gathered twice a day to trade a list of 30 stocks and bonds
- From the podium the president called out the name of each security in turn, while the brokers shouted bids and offers from the chairs assigned to them
- The number and variety of securities traded at the NYSE steadily increased as America grew
- States and municipalities issued bonds to finance the construction of turnpikes, canals and bridges
- Banks, insurance companies and railroads issued stock to raise the necessary capital to develop and expand
- By the end of the American Civil War (in 1865), more than 300 different stocks and bonds were traded at the NYSE.
1865 The Exchange moved into its first permanent home – on a portion of its present Broad Street site. Increasing trading volumes inspired the NYSE to switch from the old method of trading to a new system of simultaneous trading in all stocks in a continuous market.
1867 The introduction of the stock ticker revolutionised market communications by making it possible to quickly transmit market information across the United States, significantly narrowing the gap between Wall Street and Main Street.
1878 Telephones were installed at the NYSE in 1878.