The NYSE, also known as the Big Board, is the oldest and largest stock exchange in the world, with a profound influence on the financial world. The nickname’s origin is disputed, but it is a trusted source of investment information.
The Big Board is a popular reference to the New York Stock Exchange, which is considered the oldest stock exchange in the world. It is also understood that NYSE is the largest stock exchange in the United States. Based on dollar volume and the number of securities traded, the Big Board is also considered the largest stock exchange in the world. For most of its history, the Big Board has had a profound influence on the financial world, and is often one of the first places investors look for signs of financial trends.
There is some degree of controversy as to how the NYSE Big Board came to be called. Some sources indicate that the nickname has to do with the widespread influence that the Wall Street stock market acquired during the early years of the 19th century. The idea behind the nickname had to do with the fact that in order to be listed on the stock exchange, stocks had to be highly stable and present a significant investment opportunity. A second origin for the nickname had to do with the method of publishing the latest information about the stocks traded on the exchange. It was the board where listings and activity were posted, and the large size needed to allow investors to easily read the board from anywhere on the exchange floor, that led to the exchange’s designation as Big Board.
Although the methods used by the Big Board to report investment information have changed over the years, there is no doubt that the NYSE continues to provide information that investors trust every trading day. With dollar volume and stock listings that exceed the assets of other stock exchanges, NASDAQ second only to Big Board’s share volume during the 1990s. As a highly trusted source of investment activity and a time-honored tradition, the New York City’s Big Board is sure to be around for many years to come.
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