The New York Stock Exchange (NYSE) is owned by Intercontinental Exchange (ICE), an American holding company.
Understanding the Ownership
Intercontinental Exchange (ICE) is the parent company of the New York Stock Exchange, having acquired it in 2013. ICE is a multinational financial technology and data services company that operates multiple exchanges, clearing houses, and provides data and listing services across various asset classes. Its ownership of the NYSE positions it as a major player in global financial markets.
Key facts about Intercontinental Exchange and its relationship with NYSE:
- Parent Company: Intercontinental Exchange (ICE)
- Ticker Symbol: ICE (Intercontinental Exchange itself is listed on the New York Stock Exchange)
- Nature of Business: ICE is an American holding company operating a network of exchanges and clearing houses.
- Acquisition Year: ICE acquired NYSE Euronext (the parent company of the NYSE at the time) in 2013.
The New York Stock Exchange at a Glance
The New York Stock Exchange is renowned globally as a cornerstone of the financial world. It serves as a vital platform for companies to raise capital and for investors to trade securities.
Here are some key characteristics of the NYSE:
| Feature | Description |
|---|---|
| Global Standing | The largest stock exchange in the world by market capitalization. |
| Market Capitalization | Exceeded $25 trillion as of July 2024. |
| Headquarters | New York City, USA |
| Primary Function | Facilitates the trading of stocks, bonds, and other securities. |
The NYSE's status as the world's largest exchange by market capitalization underscores its critical role in the global economy, providing a vast marketplace for some of the most prominent companies worldwide. Its continued operation under the ownership of Intercontinental Exchange ensures its ongoing influence and development in the financial landscape.
For more detailed information on the New York Stock Exchange, you can refer to its Wikipedia page.
