Synonyms for "Big Board".
Combining the high performance of NYSE Pillar technology with a taker/maker fee schedule. The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far   the world's largest stock exchange by market capitalization of its listed companies at .
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Comments on big board What made you want to look up big board? Stocks , bonds , mutual funds , exchange-traded funds ETFs , and derivatives all trade on the Big Board. The exchange also offers electronic trading products, historical trading information, and order-execution products.
The Big Board is an auction market where brokers and specialists buy and sell securities for people by matching the highest bidding price with the lowest selling price. One of the most distinguishing characteristics of the Big Board is -- unlike the Nasdaq or other electronic exchanges, it has an actual trading floor at 11 Wall Street in New York. Stocks, bonds, warrants, options, and rights are traded at 22 horseshoe-shaped installations, called trading posts, on the floor of the exchange.
On the trading floor, the Big Board works in continual auction mode, where traders working on behalf of investors execute stock transactions. Traders congregate around a pre-ordained trading post where a specialist broker employed by a Big Board member firm serves as an auctioneer in an " open outcry " auction environment.
Thus, bringing buyers and sellers together. The Big Board traces its origins to , when 24 stockbrokers signed the so-called "Buttonwood Agreement" near Wall Street.
In , the Big Board and the Deutsche Börse merged. There are bells located in each of the four main sections of the NYSE that all ring at the same time once a button is pressed. The main bell, which is rung at the beginning and end of the trading day, is controlled by a green button. The second button, colored orange, activates a single-stroke bell that is used to signal a moment of silence.
A third, red button controls a backup bell which is used in case the main bell fails to ring. The signal to start and stop trading was not always a bell. The original signal was a gavel which is still in use today along with the bell , but during the late s, the NYSE decided to switch the gavel for a gong to signal the day's beginning and end.
After the NYSE changed to its present location at 18 Broad Street in , the gong was switched to the bell format that is currently being used. A common sight today is the highly publicized events in which a celebrity or executive from a corporation stands behind the NYSE podium and pushes the button that signals the bells to ring.
It was only in that the NYSE began having special guests ring the bells on a regular basis; prior to that, ringing the bells was usually the responsibility of the exchange's floor managers.
Many of the people who ring the bell are business executives whose companies trade on the exchange. However, there have also been many famous people from outside the world of business that have rung the bell.
Two United Nations Secretaries General have also rung the bell. There have also been several fictional characters that have rung the bell, including Mickey Mouse , the Pink Panther , Mr. From Wikipedia, the free encyclopedia. Redirected from Big Board.
This article is about the stock exchange. For its parent company, see Intercontinental Exchange. New York Stock Exchange. National Register of Historic Places. List of presidents of the New York Stock Exchange. This section needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
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The regulators found no evidence that the fall was caused by erroneous "fat finger" orders. The system enabled traders to receive and execute orders electronically via wireless transmission.
Archived from the original on May 15,