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The NYSE specialists are employed by NYSE member firms.

December 4th, 2010 |

Author: admin

New York Stock Exchange (NYSE) has traded since 1792 and continues to do today, with 2700 member companies representing more than three quarters of total market capitalization of the United States and the current market value of more than three times that of the Tokyo Stock Exchange, closest followers in the international currency markets. An estimated 1.5 billion shares traded on the NYSE each day. Seat prices were as high as $ 3,250,000 in 2005. The license year is now sold by the NYSE to give the buyer the right to directly trade on the stock market.
NYSE traces its roots back to 1792 when 24 brokers and agreement Buttonwood to a place where business can be openly traded create signed. To grow the NYSE, the stock is regularly changing their location so they can respond to growing number of traders.
A continuous auction format used by the NYSE to facilitate trade. Here the trader securities transactions on behalf of investors. They gathered around a specialist broker, (better known as specialists) are responsible for matching buyers to sellers. Specialist must also ensure that shares are freely traded, competitive, orderly and efficient. Note that no employer NYSE specialists but are employed by NYSE member firms.

Meanwhile, traders are members of the actual floor of the NYSE exclusively proprietary trading. The experts then managing the trade as buyers or sellers of the stock available and then return thanks to the original broker or brokerage firm by the same switching system.