The New York Stock Exchange (NYSE) is the world’s leading and most technologically advanced equities market.
The NYSE is by far the world’s largest market, and more capital is raised at the NYSE than in any other equities market. A broad spectrum of market participants, including listed companies, individual investors, institutional investors and member firms, create the NYSE agency auction market. Buyers and sellers meet directly in a fair, open and orderly market to realize the best possible price through the interplay of supply and demand. On an average day, 1.4 billion shares, valued at $38.5 billion, trade on the NYSE.
The NYSE has nearly 2,800 listed companies, with a combined $16.8 trillion total global market capitalization, more than four times the size than that of any other market. Of its almost 2,800 listed companies, the NYSE list includes about 470 non-U.S. companies from 50 countries, representing a total global market capitalization of $5.8 trillion.
Companies listed on the NYSE meet the most stringent listing requirements of any marketplace, and range from the largest, well-known “blue-chips”, to many of the world’s leading technology companies, as well as young, high-growth enterprises. New listings are primarily derived from initial public offerings, spin-offs and transfers from other U.S. markets or cross-listings from companies already quoted on foreign exchanges.
The NYSE is the leading self-regulatory organization in the U.S. securities industry, with strict rules and codes and conduct.
The NYSE traces its origins to a founding agreement in 1792. It registered as a national securities exchange with the U.S. Securities and Exchange Commission on Oct.1, 1934. In 1971, the NYSE was incorporated as a not-for-profit corporation, owned by its 1,366 members. In 2003, the Exchange established an independent board of directors with full fiduciary responsibility to supervise regulation, governance, compensation and internal controls.
The board of directors appoints a board of executives composed of constituent representatives who meet regularly and discuss NYSE marketplace operations, membership issues, listed-company issues and public issues relating to market structure and performance. The board of directors appoints a Chief Regulatory Officer, who reports to the board’s Regulatory Oversight Committee.
As an unchallenged leader in listing high-quality companies that are included in leading global indexes, the NYSE's trading of ETF products is complementary to its core equity trading business. The Exchange is building scale in ETF trading by developing indexes and ETFs, listing products and trading selected ETF products on the basis of unlisted trading privileges (UTP). NYSE indexes include the revised NYSE Composite Index as well as the NYSE U.S. 100, the NYSE International 100, the NYSE World Leaders and the NYSE TMT (technologymedia-telecom) indexes. These indexes, comprised entirely of NYSE issues, were introduced to serve as a platform for ETFs and to give investors a more defined snapshot of various segments of the NYSE marketplace.
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