Each day on the NYSE trading floor and auction takes place. Open bid and offers are managed on the trading floor page of NYSE.com by exchange members acting on behalf of institutions and individual investors. Buy and sell orders for each listed security meet directly on the trading floor in assigned locations. The NYSE trading floor contains 20 posts with more that 400 trading positions. Prices are determined through supply and demand. Stock buy and sell orders funnel through a single location ensuring that the investor no matter how big or small is exposed to a wide range of buyers and sellers.
The NYSE is an agency auction market. This means The essential point is that trading at the NYSE takes place by open bids and offers by Exchange members, acting as agents for institutions or individual investors. A member firm is a company or individual who owns a "seat" on the trading floor. Only member firms are allowed to buy and sell securities on the trading f...
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