What Is The NY Stock Exchange?

New York Stock Exchange has also been nicknamed the Big Board. As the name suggests it is a stock exchange publicity based in New York City. It is the largest stock exchange in the world and has the most number of companies listed. The stock is traded in an auction format. Interested investors gather around a specialized trained broker is the auctioneer. There is an open outcry of auctions and bids. The auctions are held so that the buyers and sellers can all been at the same place at the same time in an open marketplace. The brokers manage the auction as well as disseminate the appropriate information to the buyers and sellers.