NYSE Stock Exchange: what it is and how to open an account

The United States is a country with a very active stock market. In this country, there are many different bags. Among them are the two largest and most famous stock exchanges globally, NYSE and NASDAQ. The NYSE Stock Exchange is the “Big Board” of the stock market. So what is the NYSE? The following article learns about the NYSE exchange and information that not everyone knows about the NYSE.

What is the NYSE?

The NYSE means New York Stock Exchange. The NYSE is referred to as the “Big Board”, the most valuable stock exchange in the world and the second in terms of the number of companies listed on the stock exchange.

NYSE is also known as the first stock exchange in the United States, with a history of over 200 years. In 1792, 24 merchants signed the Buttonwood Agreement to establish the rules for buying and selling stocks and bonds.

As of the NYSE Exchange, only five listed companies. However, today the New York Stock Exchange has more than 2,600 listed companies, with a total value of more than 30 trillion US dollars. Most of the large, famous and prestigious companies and enterprises around the world choose to list their shares on this exchange.

The NYSE also has several major indices, which are affected and updated globally, such as the S&P500, the NYSE Composite and the Dow Jones Industrial Average…

How does the NYSE work?

The American stock exchange NYSE also has two main functions like other common exchanges: to provide a market for investors to trade, buy and sell shares; Allow companies to list shares on the stock exchange to raise capital from investors.

The NYSE was originally the place where traders went in person to do business to buy and sell securities in person. Later, when electronic trading developed, all trading activities were carried out automatically and the NYSE was the place to connect buyers and sellers with the same desired trading price in real-time time. Currently, most of the trades that take place on the NYSE are by institutional clients, mutual funds and brokers. Retail clients conduct securities transactions through an exchange agent who helps individual investors transfer securities orders to the NYSE and process trades.

In addition to providing a stock exchange, the NYSE is also a place that allows companies that want to sell shares to the public. Companies seeking to list shares on the NYSE must meet the requirements of the U.S. Securities and Exchange Commission and the specific requirements of the NYSE. Nyse-listed companies are all valued by investors for their reputation at launch.

Stock trading hours on the NYSE

The New York Stock Exchange (NYSE) has the same opening hours as other U.S. stock exchanges. The NYSE is generally open on weekdays and closed on Saturdays and Sundays. Trading hours begin at 9:30 a.m. ET and end at 4:00 p.m. ET.

In addition, the NYSE also has several public holidays each year. The NYSE is closed for these holidays. In addition, the NYSE operates half a session on the Friday after Thanksgiving and on Christmas Day (December 25) each year. During the half-day sessions, the NYSE opens at 9:30 a.m. ET and closes at 1:00 p.m. ET.

History and memorable milestones of the NYSE

The American stock exchange NYSE began to appear in 1792 when 24 stock traders signed the Buttonwood Agreement on the purchase and sale of shares and bonds. That agreement allowed subsequent American stock traders to gather on Wall Street for more frequent and extensive trading in the 1860s.

In 1817, stock traders founded the New York Stock Exchange and Exchange, which changed to the New York Stock Exchange in 1863.

The New York Stock Exchange has a global market capitalization of over 30 trillion US dollars (in 2018) and a daily trading value of approximately 169 billion dollars (2013).

Membership is the purchase (since 1868) of a seat from an existing member.

Conditions for listing a company on the US stock exchange NYSE

Companies listed on the NYSE are highly valued for their reputation. To be listed here, companies must meet some of the following criteria:

  • The number of shareholders: 2000.
  • Total income in the last year: $US 75 million.
  • Total pre-tax profit for the last three years: $US 10 million.
  • Annual profit before tax for the previous two years: $US 2 million. The last year must be profitable.
  • Market capitalization: $US 100 million.

How to open a trading account for nyse-listed securities

To buy or sell securities listed on the NYSE, individual retail traders must open a security account through a reputable international broker. Such a brokerage firm allows traders to trade NYSE-listed securities through their trading platform. In today’s market, the stockbroker is valued for its easy-to-use trading platform and quick and convenient account opening. The steps are as follows:

Click on the link to open a stock trading account

Enter your email and password information and click [Continue]. Then you have successfully opened a account.

Verify your account:

Select Settings in the lower-left corner of the screen, select Personal details, then enter the required personal information:

  • Enter your address, nationality and place of birth and click [Continue].
  • The following window enters your name (without accents) and date of birth.
  • Next, enter the information about the address of residence: street name, building number, apartment, city and postal code that corresponds to the information about the documents used to verify the address (if there is no house number, apartment), family, street, fill in NA).
  • Enter your phone number.
  • Select the currency you want to use for your account.
  • Read the terms and conditions of and click [Continue].

Upload identity and address verification documents:

  • Select [Upload Document], click the [Upload Document] box.
  • Use a 2-sided photo of your passport, ID card, citizen ID card, driver’s license, etc., containing your full name, date of birth and address to verify your identity and address.
  • The photograph of the document must be clear, have all four corners and the file must be in the format: PNG / JPG / JPEG or HEIC.

Facial verification:

  • Click [Account], select [Account Status],
  • Click [Take a selfie video]. Then, click [I’m ready] and follow the instructions.

Deposit to account:

  • Select [My Account]. Then, click [Deposit Funds] in the right corner of the screen.
  • Select the deposit method and enter your payment information and amount.
  • Check the box [I confirm that I own the card] and click [Deposit].
  • The name of the account holder and the credit card holder must match. the regular account requires a minimum deposit of $20 and a maximum of $900.

How to buy a stock on the NYSE:

  • Select Search in the bottom corner of the screen and enter the stock code you want to trade. Click to select the stock code you want to purchase.
  • Click [Buy] in the Market window.
  • Enter volume and transaction information in the trading window
  • Click [Buy] to finish.
  • If you open a trade during market closing time, click Place a pending order by filling in the information and clicking Place Limit Order.


Currently, the US stock market is growing day by day. Many investors often choose US stock trading because of the security and transparency of the market with many years of history. The NYSE is one of the prestigious US stock exchanges, the companies listed here are always appreciated for overcoming the strict conditions of the floor. Since individual traders cannot open an account directly on the NYSE, choosing a reliable but convenient broker is also of interest to many. With the tips from above, it is hoped that traders can quickly start trading stocks on the NYSE.

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