You are on page 1of 6

New York Stock Exchange

Location : New York City, United States


Founded : March 8, 1817
Owner : NYSE Euronext
Key people : Duncan L. Niederauer (CEO)
Currency :United States dollar
No. of listings
:2,773
MarketCap : US$12.25 trillion (May 2010)
Volume : US$22 trillion (2006)
Indexes : NYSE Composite
Dow Jones Industrial Average
Website www.nyse.com

The New York Stock Exchange


The most prestigious exchange in the world is the New York Stock Exchange (NYSE).
The "Big Board" was founded over 200 years ago with the signing of the Buttonwood
Agreement by 24 New York City stockbrokers and merchants in 1792. Currently the
NYSE is the market of choice for the largest companies in America with stocks like
General Electric, McDonald's, Citigroup, Coca-Cola, Gillette, and Wal-mart all residing
on the NYSE. The NYSE is the first type of exchange (as we referred to above) where
much of the trading is done face-to-face on a trading floor. This is also referred to as
a "listed" exchange. Orders come in through brokerage firms that are members of
the exchange and flow down to floor brokers who go to a specific spot on the floor where
the stock trades. At this location, known as the trading post, there is a specific person
known as the "specialist" who's job is to match buyers and sellers. Prices are determined
using an auction method, the price is the highest amount any buyer is willing to pay (and
the lowest price someone is willing to sell at). Once a trade has been made, the details are
sent back to the brokerage firm, who then notifies the investor who placed the order.

The NASDAQ is a virtual listed exchange, where all of the trading is done over a
computer network. The process is similar to the New York Stock Exchange. However,
buyers and sellers are electronically matched. One or more NASDAQ market makers will
always provide a bid and ask price at which they will always purchase or sell 'their' stock.
Bombay Stock Exchange

Location : Mumbai,India
Founded : 1875
Owner : Bombay Stock Exchange Limited
Key people : Madhu Kannan (CEO & MD)
Currency :
No. of listings : 6.123
MarketCap : US$1.28 trillion (Feb, 2010)
ÊÊÊVolume : US$980 billion (2006)
Indexes : BSE Sensex
Website : www.bseindia.com
National Stock Exchange

Location : Mumbai, India


Founded : 1992
Owner : National Stock Exchange of India Limited
Key people : Mr.Ravi Narain - MD
Currency :
No. of listings : 1810
MarketCap : 4,701,923 crore (US$1,020.32 billion) (2009 August)
Indexes : S&P CNX Nifty
CNX Nifty Junior
S&P CNX 500

Website www.nse-india.com

The National Stock Exchange of India was promoted by leading Financial institutions at
the behest of the Government of India, and was incorporated in November 1992 as a tax-
paying company. In April 1993, it was recognized as a stock exchange under the
Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the
Wholesale Debt Market (WDM) segment in June 1994. The Capital market (Equities)
segment of the NSE commenced operations in November 1994, while operations in the
Derivatives segment commenced in June 2000.

Markets
Currently, NSE has the following major segments of the capital market:

• Equity
• Futures and Options
• Retail Debt Market
• Wholesale Debt Market
• Currency futures
• MUTUAL FUND
• STOCKS LENDING & BROWING
August 2008 Currency derivatives were introduced in India with the launch of Currency
Futures in USD INR by NSE. Currently it has also launched currency futures in EURO,
POUND & YEN. Interest Rate Futures was introduced for the first time in India by NSE
on 31 August 2009, exactly after one year of the launch of Currency Futures.

NSE became the first stock exchange to get approval for Interest rate futures as
recommended by SEBI-RBI committee, on 31 August 2009, a futures contract based on
7% 10 Year GOI bond (NOTIONAL) was launched with quarterly maturities.

Exchange Traded Funds on NSE


NSE has a number of exchange . These are typically index funds and GOLD etfs. Some
of the popular etf's on NSE are.

• NIFTYBEES - ETF based on NIFTY index Nifty BEES Live quote


• GoldBees - ETF based on Gold prices. Tracks the price of Gold. Each unit is
equalent to 1 gm of gold and bears the price of 1gm of gold.
• BankBees - ETF that tracks the CNX Bank Index.

Tokyo Stock Exchange


Location Tokyo, Japan Coordinates

Founded 1878

Owner Tokyo Stock Exchange Group, Inc.

Key people Taizo Nishimuro, Chairman


Atsushi Saito, President & CEO
Yasuo Tobiyama, MD, COO & CFO

Currency Japanese yen

No. of listings 2,412

MarketCap US$3.1 trillion (May 2010)

Volume JPY 762.646 trillion/year (2007)

Indexes TOPIX

Nikkei 225

Website TSE.or.jp
Location New York City, United States

Founded February 8, 1971

Owner The NASDAQ OMX Group

Key people Robert Greifeld (CEO)

Currency United States dollar

No. of listings 3,800~

Indexes NASDAQ Composite

NASDAQ-100

NASDAQ Biotechnology Index

Website www.nasdaq.com

You might also like