TheStockExchange.docVIP

证券交易所The Stock Exchange Source language Target language 参考译文 While there are literally thousands of stocks, the ones bought and sold most actively are usually listed on the New York Stock Exchange NYSE . This exchange dates back to 1792, when 24 New York City stockbrokers and merchants gathered under a buttonwood tree on Wall Street in Manhattan to make some rules about how buying and selling was to be done. Those爎ules, known as the Buttonwood Agreement, set in motion the NYSEa’s unwavering commitment to investors and issuers. With a history of over 200 years, the NYSE has become the world’s largest financial market and the leading exchange in the United States. It is the place where America invests its money. Listed on the exchange are more than 3,000 enterprises, including approximately 450 operating companies from 50 different countries. The NYSE, housed in a large building on Wall Street, does the bulk of trading in listed securities. On the trading floor over 2,200 common and preferred stocks are traded. The NYSE has more than 1,500 members, most of whom represent brokerage houses involved in buying and selling for the public. These brokers are paid commissions by the buyers and the sellers for executing the orders. Almost half a million kilometers of telephone and telegraph wire link the NYSE, with brokerage offices around the nation. In addition to the NYSE, there are eight other exchanges around the country. The second largest is the American Stock Exchange, which also has headquarter offices in New York City. Other exchanges of note include the Midwest Stock Exchange in Chicago, and the Pacific Exchange in San Francisco and Los Angeles. How are stocks bought and sold? Suppose a widow in California wants to go on an ocean cruise. To finance the trip she decides to sell 100 shares of her General Motors stock. The widow calls her stockbroker and directs him to sell at once at the best price he can get. The same day an engineer in Florida de