explain the responsible for wall street exchange
Answers
》》Wall Street is often thought of as both the symbol and geographic center of American capitalism. Symbolically, Wall Street refers to all the banks, hedge funds, and securities traders that drive the stock market and the whole American financial system. Geographically, Wall Street is the center of Manhattan's Financial District. It runs east/west for eight blocks from Broadway to South Street.
》》The New York Stock Exchange (NYSE) is located on 11 Wall Street. Nearby, but still considered part of Wall Street, are six other businesses. The New York Federal Reserve Bank is at 33 Liberty Street. The Nasdaq is on 1 Liberty Street, Goldman Sachs is at 200 West Street, and JPMorgan Chase is at 277 Park Avenue. The NYMEX is at 300 Vessey Street. Even the Wall Street Journal is not on Wall Street itself—it's at 1211 Avenue of the Americas.
》》Way back when it all started, Wall Street ran along a physical wall built when New York was still a Dutch Colony. Then-Governor Peter Stuyvesant ordered a wooden wall that protected the lower peninsula from the British and Native Americans. It later became a street bazaar where traders met under a now-famous buttonwood tree. In 1792 these traders formalized the rules of the game and created the NYSE.