Located in New York City, the New York Stock Exchange is the world’s largest exchange according to its market capitalization around $12.5 million. It is an exchange for financial items like stocks, bonds, currency, etc.
The NYSE exchange was founded in the year 1817 to ease the exchange for transactions. This stock exchange contains several different indexes like the Dow Jones Industrial Average and the NYSE composite. The NYSE composite is not as widely used, but the Dow Jones is considered one of the leading indicators of how well the market is doing as a whole. This is because the Dow Jones measures how well some of the largest companies in the world are performing. In order to stay current with the NASDAQ and grow internationally, the New York Stock Exchange (NYSE) acquired Archipelago in 2005, and then went into a merger with Euronext in early 2007. These two moves brought the NYSE up to date with electronic trading and it also established the NYSE as a world player.