Business and Personal Finance Dictionary

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• NEW YORK STOCK EXCHANGE (NYSE)
  
  The largest and one of the oldest stock exchanges in the world. The NYSE traces its beginnings to 1792 when brokers and merchants on Wall Street signed the Buttonwood Agreement, detailing how they would trade securities. As a central auction market, the NYSE conducts business on a trading floor where traders buy and sell securities from specialists, or market makers in a specific stock. It has the most rigorous listing requirements of any U.S. market, looking at a company's financial strength, its position in its industry, and the direction of the industry. Qualifying companies must pay a fee to list their stocks and an annual fee to keep the listing current.
  
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