The history of the New York Stock Exchange

For everyone in Grand Capital, trading is more than just a hobby. It is our lifestyle, our passion, and after all, our source of income. But how well do you know the history of financial markets? In this text, we want to tell you the history of the New York Stock Exchange.

The New York Stock Exchange (NYSE) is the world's largest securities exchange, hosting 82% of the S&P 500 and 70 of the world's largest corporations. It is a publicly-traded company that provides a platform for the daily purchasing and selling of over nine million corporate stocks and securities.

The NYSE was founded in 1792 at 68 Wall Street, where 24 brokers and merchants outlined the rules for trading securities in the Buttonwood Agreement. The organization was initially known as the New York Stock Exchange Board. In 1863, it was renamed the New York Stock Exchange. At the time, the NYSE was only open to male traders. Muriel Siebert, a female trader, was only allowed to participate in trading in 1967.

The NYSE became a non-profit corporation in 1971 and a publicly traded company in 2006. Around this time, traders and the general public began to use an electronic system to trade stocks. NYSE merged with Euronext in 2007, and NYSE acquired the American Stock Exchange in 2008. The Intercontinental Exchange later purchased the NYSE for $8.2 billion.

In Grand Capital, you can trade CFDs on stocks listed on the NYSE. The exchange opens at 9:30 am Eastern Time, while the closing bell rings at 9:00 pm. Trade NYSE-based stocks with Grand Capital with a 40% deposit bonus!