New York Stock Exchange
Headquarters: 11 Wall St.
New York, NY 10005
Phone: (212) 656-3000
Employees: 3,000
CEO: Duncan Niederauer
Stock Symbol: NYX
Website:
http://www.nyse.com
Career
Site
The New York Stock Exchange is the nation's leading stock trading market and home to shares of the world's largest companies.
The grand trading floor of the Exchange has been featured daily on TV shows and news programs. The number of actual human traders on the floor of the NYSE has drastically been reduced over the past decade as more trading is done via computers.
The NYSE is part of NYSE Euronext, the world's leading equities exchange group. NYSE Euronext is comprised of equities and derivatives exchanges across the United States and Europe which trade cash equities, futures, options, fixed-income and exchange-traded products. With more than 8,000 listed issues, NYSE Euronext is home to the world's leading companies providing access to the global liquidity they need to collaborate, compete and grow.
In February, the Deutsche Bourse and NYSE Euronext agreed to merge to create a global trading powerhouse. The deal still faces regulatory approval. Deutsche Bourse has headquarters in Frankfurt, Germany.
History
The New York Stock Exchange traces its origins to 1792, when 24 New York City stockbrokers and merchants signed the Buttonwood Agreement. This agreement set in motion the NYSE’s unwavering commitment to investors and issuers.
The new home to the NY Stock Exchange would open in 1903 after the old building was demolished. It has six massive Corinthian columns outside and was one of the first buildings to have air conditioning.
Bells were introduced when continuous trading was instituted in the 1870s. Originally, a Chinese Gong was used, but brass bells have been used since The Exchange moved to its current location in 1903.
There is one large bell in each of the four trading areas of the NYSE. The bells are operated synchronously from a single control and are rung during the opening of trading at 9:30 a.m. and close of trading at 4 p.m.
Trading of stocks had been done in fractions until 2000 when decimal trading began.
The NYSE would go public itself in March 2006.
NYSE Euronext, the holding company created by the combination of NYSE Group, Inc. and Euronext N.V., was launched on April 4, 2007 following a merger.
In 2008, NYSE Euronext acquired the American Stock Exchange. Originally called the "curb market" because its brokers traded outdoors in the street, the Amex has been at the forefront of the U.S. financial markets over the course of two centuries.
Benefits
Health Care Coverage - Managerial/Professional employees, their dependents and/or domestic partner are eligible for health care coverage on their first day of employment. NYSE Euronext gives employees flexibility in the kind of health care coverage they receive.
Wellness Program - NYSE Euronext offers wellness tools and programs, including a comprehensive health assessment, health fairs, self-managed online programs, lifestyle health coaches and a condition management program.
Dental Care Plan - The dental plan is a comprehensive plan giving employees flexibility.
Vision Care Plan - Vision plan benefits include coverage for examinations, lenses, frames, and contact lenses.
Life Insurance - NYSE Euronext offers several life insurance options for managerial/professional employees. Coverage begins on the first day of employment in the Group Life Insurance Plan, which pays an immediate lump sum to a beneficiary. In addition, employees may participate in a voluntary Supplemental Life Insurance Plan which provides coverage for the employee, spouse/domestic partner and eligible children.
Spending Accounts - Spending Accounts allow employees to set aside dollars, before they are taxed, to pay certain expenses. Employees can establish two separate accounts: one for health care expenses that are non-reimbursable and one for dependent care expenses.
Savings Plan - Managerial/Professional employees are eligible to participate in the voluntary tax-deferred 401(k) Savings Plan. They may choose to contribute on a before-tax or after tax basis, up to six percent of their salary, and NYSE Euronext will match this contribution 100%. The employee may make before-tax or after-tax contributions of an additional 19 percent of his/her annual salary. These contributions are not matched by NYSE Euronext. Although withdrawals are subject to restrictions, the plan also has a loan feature.
Depending on the employee's financial objectives, he/she may choose to invest in one or more of the funds offered in the plan that cover a broad spectrum of risk and reward.
The Savings Plan permits employees to roll over contributions from another qualified plan (such as a former employer's plan) or an IRA that was established as a rollover account from a prior company distribution.
Employee Development and Career Advancement - We encourage employees to develop skills and knowledge by participating in seminars, workshops and other educational programs. Management and professional development programs are offered to staff at all levels.
Tuition Reimbursement Program -Eligible U.S.-based employees who, while employed and outside their regular work hours, pursue approved courses for degree programs in accredited educational institutions may apply for financial assistance in the form of tuition reimbursement. Tuition is 100% reimbursable within Internal Revenue Code guidelines for satisfactorily completed, degree-related courses in which a grade of C- or better is achieved for up to a maximum of 15 credits per academic year.
Updated June 24, 2011
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