where does the actual NYSE happen?

DarkManX

Diamond Member
Feb 1, 2000
3,796
2
76
is the building ok? what do they keep talking about testing the systems and stuff like that.
 

RossMAN

Grand Nagus
Feb 24, 2000
78,837
341
136
Wow





200 miles of fiber-optic cable run underneath the NYSE trading floor.
About 3,000 people - specialists, brokers, and support staff - work on the trading floor.
About 400 non-U.S. companies are listed on the NYSE.
Institutional investors invest more than $6 trillion in corporate equities, mostly in NYSE-listed companies.
More than 10,000 institutions invest in the NYSE.
More than 10,000 offices are in operation among NYSE member firms.
Some floor brokers work for member firms directly, while others are independent and contract their services to a number of firms.
The global market capitalization of all NYSE-listed companies is more than $17.3 trillion.
The NYSE has about 400 member firms.
The NYSE trading floor contains 20 trading posts with more than 400 trading positions.
There are nearly 3,000 NYSE-listed companies.
NYSE member firms employ 100,000 registered workers.
The Main room of the NYSE trading floor measures about 15,000 square feet with a ceiling of 86 feet.
The NYSE trading floor contains 1,500 booth spaces around the periphery.
The NYSE trading floor measures about 36,000 square feet.
The trading floor houses 5,000 electronic devices and 8,000 phone circuits.
1,100 tons of air conditioning are needed daily on the NYSE trading floor.
About 3,500 kilowatts of power are consumed daily on the NYSE trading floor.


Hmmn I can't seem to find the address where the actual trading happens.
 

Looney

Lifer
Jun 13, 2000
21,938
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vs the NASDAQ which doesnt actually have a trading floor it it done electronically, right?

Yeah, i think so... but having a trading floor really isn't necessary these days. It's actually more efficient done electronically (Vancouver Stock Exchange is all electronic).
 

Goldfish

Platinum Member
Jun 10, 2001
2,157
0
0


<< then why do they keep talking about testing the NYSE system? >>


Probably because it wasn't but a couple blocks away from the disaster site, and everything needs to work for them to open the exchange back up? Maybe its just me but that seems kind of logical.
 

Viper GTS

Lifer
Oct 13, 1999
38,107
433
136


<< then why do they keep talking about testing the NYSE system? >>



Because of the massive computing power necessary to keep track of the activity, maintain communications, etc.

Viper GTS
 

perry

Diamond Member
Apr 7, 2000
4,018
1
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No. NYSE, NASDAQ, and AMEX are three different stock exchanges. They were worried that some of the communications systems may have been messed up by the crash. Test yesterday was successful, everything is A OK for trading.
 

wildwildwes

Senior member
Jul 18, 2001
320
0
0
I think I saw on TV that NYSE is fine, but the building for AMEX had some structural damage, and will trade through NYSE until it is repaired.
 

MustPost

Golden Member
May 30, 2001
1,923
0
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Didn't Nasdaq and AMEX companies merge?
I think the AMEX used to be based in Chicago, but im not sure.
 

Miramonti

Lifer
Aug 26, 2000
28,651
100
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the amex was never in chicago, but yes they did merge. I'm not sure what the business purpose for it was but originally thought it had to do with the options trading.