How To Get On The Nyse Floor

When the economy is booming seats will sell for more.

How to get on the nyse floor.

Noam galai getty images the trading floor. The new york stock exchange s fabled floor traders fearing steeper job losses in their already diminished ranks are an endangered species. In fact floor traders serve as a small fraction of the people found on the floor of the new york stock exchange each day. With the heyday of the human floor trader now ancient.

The new york stock exchange nyse is a public company as of 2006 but it used to be private and you could become a member by buying a seat to own a seat meant you could trade on the floor. It is no longer the chaotic scene that s dramatized on tv shows and movies with traders waving slips of paper yelling stock prices and negotiating million dollar deals in a matter of seconds. The floor of the stock exchange was once the main location for market transactions. Corpina said the nyse employs floor monitors to enforce the new rules.

It was home to traders and brokers who did the actual buying selling and negotiating on the physical exchange. Before they can trade generally they must pass a screening. If he gets overexcited about a market move and steps too close to other people on the floor he gets another tap on the shoulder. Stock exchange seats must be purchased.

The price of a seat on the new york stock exchange can be as little as 4 000 and as much as 4 000 000. Apply to product manager analyst investment banking analyst and more.