![]() ![]() ![]() The MIC code for New York Stock Exchange is XNYS ( NEW YORK STOCK EXCHANGE, INC.). ![]() New York Stock Exchange – Market Structure The NYSE is, and will continue, to be a backbone of the world's financial markets for decades to come. There are a number of other stock markets in the US, but the NYSE is seen as the the tried-and-true securities exchange. The NYSE is regulated by the Securities and Exchange Commission (SEC). The NYSE is owned by the Intercontinental Exchange, a company that operates 11 other exchanges and 6 clearing houses. Located on Wall Street, in New York City, the NYSE lists some 2,300 companies and averages over $200 billion in daily trading value as of 2020. The New York Stock Exchange is the largest stock exchange in the world. Today, the NYSE is operated by the Intercontinental Exchange. Over the subsequent years there have been numerous mergers and acquisitions involving the NYSE and its subsidiaries. Through this deal, the NYSE became a for-profit, publicly traded company. In 2006, the NYSE merged with Archipelago Exchange (which is called NYSE Arca today). In 1934, the Security Exchange Act as signed which created the SEC which regulates securities trading in the US. Over time trading practices have continued to evolve to take advantage of improved communication technologies and to keep up with growing demand. In 1840, the invention of the telegraph allowed markets in New York and Philadelphia to consolidate. Over the first hundred years, restrictions against manipulative trading were added and more organized governance was developed. Over the next 225 years the NYSE matured and evolved into what it is today. Before this agreement, securities were sold auctioneers rather than on an organized market. The Buttonwood Agreement was signed by 24 stockbrokers who established a set up rules for organized securities trading in New York. The volatility tends to be much higher, and there is less liquidity, meaning that fewer people are trading and that prices tend to move much more dramatically.The New York Stock Exchange was founded in May 1792 when the Buttonwood Agreement as signed. Some online brokers do allow you to trade during those hours check with your broker to see if you're eligible to make those kinds of trades. Certain brokers have different pre-market and after hours trading times (for example, TD Ameritrade limits pre-market trading between 8:00 am and 9:15 am). After hours runs from 4:00 pm to 8:00 pm, Eastern Time Zone. There are also pre-market and after hours trading sessions available, also known as Extended Markets.įor Nasdaq, pre-market trading hours are 4:00 am to 9:30 am, Eastern Time Zone. You can see the Nasdaq holiday calendar here.Īdditionally, if you are looking for the Nasdaq Nordic Trading Hours, you can find that page here. In that case, Nasdaq will close at 1:00 pm Eastern Standard Time. Market half-day holidays may include July 3 or 5, the day after Thanksgiving and/or Christmas Eve, depending on how the calendar falls in a given year. There are nine market holidays in a year, when markets are closed. Nasdaq and NYSE trading hours are as follows, Monday through Friday: Trading Hours for the Nasdaq Stock Markets
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