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| Big Board |
The term �Big Board� is a popular term for the New York Stock Exchange (NYSE), the nation�s largest and oldest equity exchange. Located on Wall Street in New York City, the NYSE traces its origins to the signing of the Buttonwood Agreement by 24 New York City stockbrokers and merchants in 1792. More than 200 years of progress and innovation later, the NYSE remains the world's leading securities marketplace. The commitment of the NYSE to its issuers and investors has been steadfast, and its persistent application of the latest technology has allowed the exchange to maintain a level of quality and service that is beyond compare.
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The Big Board is responsible for setting policy, supervising member activities, listing securities, overseeing the transfer of member seats, and evaluating applicants. Unlike some of the newer exchanges, the NYSE still conducts its transactions from a trading floor. This physical location is where brokers meet to facilitate the exchange of stocks, as well as where specialists manage the buying and selling of specific companies. Of all the exchanges, the Big Board has far and away the most stringent listing requirements.
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