The New York Stock Market (NYSE), the largest in existence, is not only key to U.S. money flow, but also has an impact on global financial flows.
The NYSE began operations in 1792. The opening of the securities market came after 24 well-known dealers met in Manhattan and entered into an agreement to establish new York's first securities market.
Currently, the exchange is managed by a businesswoman. Stacy Cunningham's career started on Wall Street in the 90s. She began working as an intern at the New York Stock Exchange, rose to lead management and currently serves as the 67th president of the exchange.
The total cash turnover of the New York stock market, whose clients were more than 2400 companies, in 2018 was equal to 23 trillion dollars, which far exceeds the number of assets on other exchanges.
According to the results of the calculations of the company Gallup, which conducts surveys, in 2018, approximately 54 percent of the US population made a contribution to stocks and bonds of the New York stock market.
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Initially, the New York market worked according to the method of the Dutch stock exchange. At the time when valuable documents of the East India Corporation were traded in Amsterdam, the initial assets of the New York market were bonds issued by the United States to pay off debts that arose in the struggle for the country's independence.
Despite the fact that the first securities market in the United States opened in Philadelphia, the New York Stock Exchange soon overtook it in terms of investment volumes. New York in a short time became the largest financial center of the United States. The city became a source of financing for large-scale projects.
Nowadays, the NYSE is an association of the largest organizations in the world, whose goal is to bring their ideas to the market.
Initially, activity on the New York Stock Exchange reflected the market trends driving the world's economy. At first, the activities of the NYSE were associated only with companies managing railway transport. But since 1900, firms that produce cars have joined the exchange, then aircraft manufacturers, computer and instrument-making enterprises, and now IT companies and developers of digital technologies.
No one doubts that the creator of the next major innovative projects will be one of the firms listed on the New York stock market.