Question: What is the New York Stock Exchange?
Answer: The New York Stock Exchange (NYSE) lists over 2,500 companies. It is where the stocks that are measured by the Dow Jones Averages are traded.
Members of the New York Stock Exchange are the brokers who actively trade stocks on the floor. When your stockbroker executes your order to sell, it is not completed until one of the brokers on the floor of the New York Stock Exchange finds another broker to buy it. That is why it might sell for a slightly different price than it was when you placed the sell order.
The NYSE is moving to an all-computerized trading system to compete with the NASDAQ, which is all-electronic.
Stock Market FAQ
- What Are the Components of the Stock Market?
- What Are the Dow Jones Averages?
- What Is the NASDAQ?
- What Is the New York Stock Exchange?
- What Are Mutual Funds?
- What Is a Stock Market Crash?
- Could a Stock Market Crash Cause a Recession?
