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In 1792, twenty-four stockbrokers signed the Buttonwood Agreement under a buttonwood tree in Number 68 Wall Street. They drafted a constitution organizing themselves into the New York Stock & Exchange Board, what is now the world's largest equities marketplace.
Although majority of its listed companies come from US companies, its non-US players are growing exponentially. The New York Stock Exchange uses technologically advanced systems to provide an efficient method of trading stocks registered for public offering. It is this ability that appeals to top corporations and numerous investors from around the world.
Specialist auctioneers, who are authorized to handle the buying and selling of exchange members representing various international clients, are employed by an elite group of New York Stock Exchange firms. Only the most solid and financially capable firms could own a "seat" in the exchange, the most sought-after commodity in the market. Owners of these seats have the privilege to trade billions of dollars directly in the exchange.
Although the New York Stock Exchange basically started as a non-profit organization, its basic purpose is to increase the operating capital of corporations by offering shares to the public. Consumers are given the chance to own a percentage of any of the 2,800 companies (total value of $21 trillion US dollars in the global market) listed in the exchange by buying stocks or shares. They can earn through stock dividends or through selling their shares. The list comprises of small, medium to large enterprises like ExxonMobil and Colgate.
To best serve its investors, the New York Stock Exchange continually improves on the quality of its corporate governance policies. The structure of these policies are created with the consumers in mind and applicable to anyone, whether share ownership is by a person with only a small percentage invested or by a huge entity with a large stake in another company. Companies whose shares are sold to the public must meet the high-level of standards required by the exchange and practice complete financial transparency to its shareholders. Learn more about trading stock at http://www.learningtotradestock.com
The New York Stock Exchange maintains its reputation of protecting investors through the regulation of activities by its member-brokers. Seat ownership is not only a huge responsibility, it is only for solid and secure corporations who can put-up the millions of dollars needed to become a member of the exchange.
The New York Stock Exchange does not lack either in historically significant facts about its members. For example, the first company to be listed in Wall Street was the Bank of New York, trading in the same year of the organization's creation. The New York Gas Light Company holds the record for the longest listed corporation. The exchange had a telephone installed in the building in 1978 before it got electric lights five years later.
In order for you to be able to invest in the New York Stock Exchange, you must contact any of the stock brokers of member companies. This way, you can be assured that the people handling your account are licensed and governed by the exchange.
Before you start to allocate funds, purchase or trade company shares, check out how to trade stock and make sense of the financial market at arbitrage trading