The Mali economy is the largest exchange in the world


 The New York Stock Exchange is the largest exchange in the world

The New York Stock Exchange is the largest stock exchange in the world, located on Wall Street in the State of New York, USA. It was established in 1817 AD, but it did not bear the name of the New York Stock Exchange until 1963 AD, and its market value reached 23.12 trillion dollars in the month of March. From 2018, this constitutes 40% of the total global stock market, and the number of companies listed on the New York Stock Exchange is more than 2,400 companies from different sectors, such as: energy, finance, health care, in addition to consumer goods. [1]


The way the New York Stock Exchange works

Trading takes place in two ways on the New York Stock Exchange, which are either through brokers or electronically, and regardless of the method of trading, financial transactions are considered in public auction, for example, brokers trade shares on the stock exchange where the auction takes place between sellers and buyers according to the higher price, and the brokers represent the entity that buys Shares and their selling price, which is called the bid price, is determined. After the stock is offered, it is not sold until there is another broker who wants to buy it. [2]


Traders and brokers must obtain the approval of the New York Stock Exchange and possess a commercial license that enables them to trade shares before trading. Electronically, commercial transactions are concluded so that the computer plays the role of the trader who brings together the seller and the buyer. [2]


work hours

Trading and work begins on the New York Stock Exchange at nine thirty in the morning until four in the afternoon according to Eastern Time, where the start and end of the day is announced by ringing the bell after pressing the bell button, and the bell became the official sign for the start and end of the trading day in 1903 AD. Before that, the official reference was the hammer until the end of the nineteenth century. [3]


References

↑ "What are the largest stock exchanges in the world?", Www.ig.com, 5-9-2018, Retrieved 10-2-2019. Edited.

^ Ab KIMBERLY AMADEO (14-12-2018), “New York Stock Exchange and How It Works”, www.thebalance.com,

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