What is the opening bell?
In the financial world, the opening bell is a signal that indicates the beginning of the trading day on the stock exchange. Bell will ring on the American stock exchanges at 9:30 am EST and the rings of the final bell at 4:00 am. Est. Among these twice, shares of publicly traded companies and other products on the market were purchased and sold. In a sense, the opening bell is like a "starter gun" for sometimes hectic activity that takes place on the floor of exchange.
Historians who are interested in the history of financial markets and a matter of money show that the sound used to open and close the markets was not always a bell. Before the end of the 18th century, historical sources reveal that the markets were open with a hammer. In 1903, the New York Exchange switched from using the gong to the bell.
Recently the market in New York has seen another change around the use of the opening market with the bell. Where the bell ringing was reserved for managers and managers of the exchanging exchanges that participate in the stock exchange now ringsBell for the New York Stock Exchange. In addition, some special events are announced or promoted at Bell's opening ceremony.
Other news from world markets show that other countries have accepted the practice of using the opening bell to indicate the beginning of the business day on their stock exchanges. The European Community has gradually drawn up a collection of regional exchanges "Euronext", which will replace a less arranged set of national stock exchanges before the end of the twentieth century. In the framework of the EURONEXT, opening with the bell seems to be a common standard, although some of the markets still use Gong, according to recent reports on the ceremony of Euronext stock stock markets.
The introductory bell is not only meaningful for individual traders or brokers; Companies also look at the opening bell and ceremonicol as an opportunity. Some companies will timed important changes according to the opening bell to match their promotion actionsmarket activity. The introductory sound of the bell is part of a larger set of events that orders a specific trading day and affects what is happening at every moment of daily financial actions.