The New York Stock Exchange (NYSE) is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading.
The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with Euronext. The NYSE has been the subject of several lawsuits regarding fraud or breach of duty and in 2004 was sued by its former CEO for breach of contract and defamation. The NYSE's current CEO is Stacey Cunningham. The exchange is open for trading Monday through Friday from 9:30 a.m. to 4:00 p.m. Eastern Time, with the exception of holidays declared by the Exchange in advance.
It is known as the “Big Board” and it is home to some of the world's most valuable and influential companies such as Apple, Goldman Sachs, General Electric, Wal-Mart and many more. The NYSE is considered the most prestigious stock exchange in the world and is often associated with wealth, power, and prestige. It is a public company and it is owned by Intercontinental Exchange (ICE) since 2013.