Summary
NYSE, founded in the 18th century, still holds bell-ringing ceremonies to mark the start and end of daily trading, despite most trading happening electronically before and after the bells.
Key Points
1. NYSE has a long history dating back to the 18th century and is known for its iconic bell-ringing ceremonies to mark the start and end of daily trading.
2. Despite the traditional bell-ringing ceremonies, the actual buying and selling on the NYSE takes place electronically before the opening bell at 9:30 a.m. and after the closing bell at 4 p.m.
3. The NYSE is located in New York City and plays a significant role in the global financial markets, with many major companies listed on its exchange.