The New York Stock Exchange
Introduction
The New York Stock Exchange is based in New York City and is the oldest and largest stock Exchange in the world. (NYSE) The company trades approximately 1.46 billion shares on a daily basis. (http://advfn.com) I have wanted to work on Wall Street since I was a little girl. Once I watched the movie Wall Street [Motion Picture], I was hooked. I loved the fast paced, on the go, moneymaking career that working in stocks provides you. I have found that further education is not necessary to become a professional stockbroker, but if a person wants to get sponsored to be able to sell stocks then it is much easier if you have some schooling. I have decided to get a degree in Business Administration to get my foot in the door. Once employed with a stock exchange company I plan to continue my education and receive an associate’s degree in accounting before attempting to transfer to the New York Stock Exchange.
History
The New York Stock Exchange began on May 17, 1792; this is when the Buttonwood agreement was signed by a total of 24 stockbrokers. (http://www.nyse.com) This took place on 68 Wall St. under a buttonwood tree. Then on March 8, 1817 the facility was renamed to The New York Stock & Exchange Board and moved to the address of 40 Wall Street. (http://wikipedia.org) The New York Stock Market opened on January 4, 1865. (http://americaslibrary.org) The business has been in many different locations since it opened. The Great Fire of New York caused it to relocate in 1835. (http://wikipedia.org) In 1865 the exchange opened its permanent places on Broad and Wall Streets. (Gladstone, 2008, ¶ 1) In 1896 and 1902 the volume of the stocks had increased so much that it had to expand its headquarters again, this is when they hired eight New York City architects to design the new building. There were many different locations on Broad St. in New York City; however, because of electronic trading...