ZALIS GLOSSARY: new-york-stock-exchange-nyse


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New York Stock Exchange - NYSE

Description of New York Stock Exchange - NYSE
A corporation, operated by a board of directors, responsible for listing securities, setting policies, and supervising the stock exchange and its member activities. The NYSE also oversees the transfer of members' seats on the Exchange, judging whether a potential applicant is qualified to be a specialist.

Notes:
The NYSE uses floor traders (people) to make trades, whereas the Nasdaq and many other exchanges are computer driven.