Tracing its origins to 1792, the New York Stock Exchange today lists nearly 2,700 securities and trades about 1.5 billion shares a day. Many of the member companies are among the largest in the United States.
All together, New York Stock Exchange companies represent over three-quarters of the total market capitalization in the nation. Trading occurs on the floor of the exchange with specialists and floor traders running the show.
The specialist
Specialists are the workers who are responsible for matching buyers to sellers. The specialists’ role is to be certain that the stocks for which they’re responsible are traded in a fair, competitive, orderly, and efficient market, ensuring that all customers have an equal opportunity to buy shares while receiving the best prices. The specialist seeks to avoid large or unreasonable price fluctuations between consecutive sales and usually is fairly successful.
The floor trader
All together, New York Stock Exchange companies represent over three-quarters of the total market capitalization in the nation. Trading occurs on the floor of the exchange with specialists and floor traders running the show.
The specialist
Specialists are the workers who are responsible for matching buyers to sellers. The specialists’ role is to be certain that the stocks for which they’re responsible are traded in a fair, competitive, orderly, and efficient market, ensuring that all customers have an equal opportunity to buy shares while receiving the best prices. The specialist seeks to avoid large or unreasonable price fluctuations between consecutive sales and usually is fairly successful.
The floor trader
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