First Female CEO of NYSE & Its History
- In 2018 the first woman (in 226 Years) President of the New York Stock Exchange
- In 1943 the trading floor was open to women
- In 1967 Muriel Siebert became the first female member of the NYSE
Few changes are occurring in stock exchanges that are not happening every day. Sometimes, these changes are historic. For the first time in history the President of the New York Stock Exchange became the female. Stacey Cunningham is the first female President of the New York Stock Exchange. That brings us closer to the NYSE and how big it is. It is one of the biggest stock exchanges in the world, in fact, the biggest. Moreover, the indexes are also the largest in the world, these coming from stocks traded on the New York Stock Exchange. Everybody is aware of DOW who ever traded on the market.
NYSE is More Than 25 Trillion in Market Cap
The history of the New York Stock Exchange includes 226 years of trading in various types of instruments, with various intensities, ways of trading and different from of trading. It will be no surprise that there was no electronic trading at first. The first components of Dow Jones Industrial Average were quiet different than the current ones. New instruments as exchange traded funds and others appeared in NYSE over the years. Even when new CEO started at NYSE, instruments were different in a way as not all existed back than versus what is trading today on the New York Stock Exchange. For example, there were 88 IPOs in 2017. Stacey Cunningham became an intern when she was 19 years old at New York Stock Exchange.
The New York Stock Exchange stared in the distant 1792 when the population of the New York City was less than 100,000. The population of the United States was about 4 million. That is less than the current total population of the New York City. It was a time before the industrial revolution and many of the inventions were not there yet. Still things were invented and moving at some pace. The railroads were not built as much, but transportation was on the verge of new inventions. In this light, it is interesting that Dow Jones Industrial Average and New York Exchange were already in the existence or about to appear in history. The New York Exchange was in a process of formation to the world’s largest over decades. The DOW index started in 1896 with 12 industrial stocks. In other words, it took some time and actually a century for the index to appear after the founding of NYSE. However, the index pretty much gathered the pace overtime.
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