The Nyse, New York Stock Exchange

During the 2nd half of the 19th century New York City became the central financial center of the United States. After that the New York Stock Exchange became the number one trading center. The reason for this being that its members focused on buying securities of larger corporations. At that time all the smaller stocks of smaller companies were handled on the streets of downtown New York City. In 1908 these brokers formed the New York Curb Agency which is now known as the American Stock Exchange. It was renamed to this in 1953.

website of the New York Stock Exchange (NYSE.com) and providing a brief summary of each

Street to buy and exchange stocks. The stock market grew so popular, it was featured on the front pages of

2. The NYSE is defined as a “spot” market purely and simply because it has a physical location. The NASDAQ, on the other hand, is not a spot market because it has no one central location.

a. In terms of total volume of activity and total capitalization of the firms listed, the NASDAQ is the largest in the world and the NYSE is the second largest.

is the primary regulator of markets and securities under the federal government; moreover, the S.E.C. aims to promulgate an efficient and fair market. Since its debut, the S.E.C. has administered similar laws normalizing and protecting individuals and companies. The S.E.C. also mandates that the New York Stock Exchange disclose real time exchanges and transactions. The S.E.C. is comprised of approximately 3,000 attorneys, accountants, and economists. The head of the S.E.C., known as the chairman or chairwoman is appointed by the president and their term lasts five years. Under the S.E.C., there are four organizations that focus on different aspects of the economy which are: the Division of Enforcement, the Division of Investment Management, the Division of Corporate Finance, and the Division of Market

In 2005, the SEC’s responded to the advances in technology and the automation of exchanges with Regulation National Market System (“Reg. NMS”). Reg. NMS required that an order to buy/sell be routed to the exchange with the best price. Since there were multiple exchanges in different geographical locations this exacerbated market fragmentation which created pricing inefficiencies. In order to mitigate the effects of market fragmentation, exchanges and trading venues were required to monitor security prices constantly through the Securities Information Processor feed (“SIP”). The SIP gathered quotes for securities across all public exchanges and exchanges were then required to route orders according to the best price.

The organization was now called the New York Stock and Exchange Board or NYSE. Later in 1846, astonishing advancements in telecommunications technology enabled a new openness to the business of the stock market.

The U.S. Securities and Exchange (SEC) was created in response to the 1929 stock market crash which was responsible to monitor and regulate the stock market after the crash which led to the Great Depression. Since the creation of U.S. Securities and Exchange agency multiple laws and regulations were added to help maintain the balance and oversight of the exchanges and the stock market. Additional laws and regulations have been added as a result in condition or incident within the stock market, corporations, and securities. Several scandals since 2002 have led to an increase of laws and regulations, these laws have led to controversial topics dealing with the costs associated by enacting regulations. Are we over or under regulating, or

The New York Stock Exchange has worked to become less exclusive to wealthy investors by opening itself to the public and allowing women to be on the exchange floor, something that was not allowed before 1943. Through its registration as a nonprofit organization and the government’s creation of the SEC, the New York Stock Exchange has worked to provide security for the public’s investments. Some of the security measures in place are requiring companies to provide detailed financial reports as well as financial operations. It has also worked to increase efficiency by upgrading technology to handle the workload of transactions that occur

Company is traded on the New York Stock Exchange trade market (NYSE) with symbol LUV.

The Stock Market is an organized market for the trading of stocks and bonds. In Europe a stock exchange is often called a bourse. Stock exchanges exist in all-important financial centers of the world. Members of an exchange buy and sell for themselves or for others, charging commissions. A stock may be traded only if it is listed on an exchange after having met certain requirements. The New York Stock Exchange (founded 1790) is the largest in the U.S., handling more than 70% (in market value) of all transactions. The American Stock Exchange (Amex), also in New York City, and regional exchanges account for the remainder. Unlisted shares, often of smaller companies, are traded in the growing over-the-counter

The number of seats has remained constant, at 1,366, since 1953. Institutional investors are corporations that invest on behalf of individuals and companies. Institutions include pension funds, mutual funds, insurance companies and banks Buy and sell orders meet directly on the trading floor, and prices are determined by the interplay of supply and demand. In contrast, in the over-the-counter market and the price is determined by a dealer who buys and sells out of inventory. At the NYSE, each listed stock is assigned to a single post where the specialist manages the auction process. NYSE members bring all orders for NYSE-listed stocks to the Exchange floor either electronically or by a floor broker. A broker acts as an agent, representing customer orders to buy or sell stock. There are two main types of floor brokers: commission brokers and independent brokers. Commission Brokers. Commission brokers are employed by brokerage houses, which are members of the NYSE. A commission broker executes the orders of his firm's customers. Independent Brokers. Independent brokers work for themselves. Although they are not affiliated with any brokerage house, they handle orders for brokerage houses that do not have full-time brokers, whose brokers are off the floor, or are too busy to handle a specific order. Independent brokers were once referred to as "$2 brokers," a term coined when they received $2 for every 100 shares they traded. Their fee, paid by commissioned

The Amsterdam Stock Exchange is the first modern day trading exchange that allowed for the buying and selling of securities of the East India Company. The exchange was influenced by prior inventions such as brokering of debt and bond purchasing. In the 1300s, Venice merchants bought debt from citizens, companies, and the government and traded pools of these debt issues to consumers. The merchants would bring a booklet of debts for sale and the consumer would then buy what they wanted. The consumers would either capitalize on high interest payments or lose their money due to a particular entity not being able to pay their debts. In the 1500s, Belgium opened the first bond exchange that was exclusively traded only bonds and note

The New York Stock Exchange, the biggest in the world by market capitalisation, was arguably a safer choice.