What is the business floor?
Business floor is a place on the stock exchange where real trading occurs. This is most often seen during the updates of financial reports, especially those that broadcast CNBC and other financial news networks. The trade floor is often a busy and hectic place, although it has become less busy with computer trading applications.
The business floor is often referred to as the pit by the stock exchange, because it is where all heavy work is done. Furthermore, there are usually increased positions where people can watch the events, so the trade floor is lower than most of its surroundings. From this increased perch, visitors can look at the floor and watch the action, at least on some exchanges. In fact, there could be a day when the real physical route Ding is outdated. They are currently playing a crucial role, but this role has become more of a tradition than a function. The trade floor is therefore one of the last remains of financial markets with old schools.
The most famous trade floor is located on the New York Stock Exchange (NYSE), which is the largest exchange in the world. Some may be familiar with the traditional ringing of the bell to open and close trading. Most of the time it is a celebrity that signals the beginning or end of the business day.
As more companies work and carry out trading outside the traditional business environment, this term begins to take over various meanings. For example, the trade floor can now refer to a part of the office building, which is responsible for trading in stocks and bonds or any other type of capital such as real estate and commodities. Although it is not a real trade floor, it serves almost the same function as the more traditional trading floor.
Although the business floor of NYSE is not as essential for the economy as it was once, its iconic nature means that it could be susceptible to terrorist attacks. ThereforeThe trade floor, once the main place for tourists visiting a large apple is no longer accessible to the general public. Now, in order to reach the top on the floor, an individual must be a guest of an authorized "floor broker", a person authorized to trade on the floor.