National Stock Exchange (NSX)

When referring to the National Stock Exchange there are several firms that are going to pop to mind for those that are long time followers of the stock market. There has been several firms that have belonged to the stock market under this name. In fact, there are still several firms that are belonging to the stock market under this name such as the National Stock Exchange of India and the National Stock Exchange that is based in Chicago. However, for this purpose we are going to focus on the National Stock Exchange based out of Chicago. But, the National Stock Exchange is one of those that has been around for years. It started in 1885 as the Cincinnati Stock Exchange in Cincinnati, Ohio. However, when it closed its door as a floor trading company and became an electrically controlled company it moves its location to Chicago. This all happened in 1995. And in 2003, it changed its name to the National Stock Exchange.

Many people wonder why the company changed the way that it was doing its stocks and the reason for this is that everything was going more digital and electronic during this time. After over a hundred years of people yelling over one another in order to get what they want, they were finding that through the use of technology that they were better able to figure out how to get people what they want and get it to them much faster. It is was something that would revolutionize the stock market forever. And has results in people getting what they want in a shorter amount of time than ever before. And due to this shorter amount of time the price that people were wanting to buy at was the price that they were getting. Many times when the National Stock Exchange was just started, people would find that they were having to buy the stock at whatever price that their turn was actually come around. For example, say that you put in your order for one hundred stocks at one price, twenty minutes later the price has went up, but the order that you put in has not been seen yet. It is during this time that people are going to find that they are not fully satisfied with how things are being ran because they are having to pay more for something just because they were not able to get their order in on time. It was a very frustrating time to be a broker and the reason that many people tried their best to scream out their order before anyone else. This is why the stock market became known as free for all for those that worked in it.

The National Stock Exchange is one of the most well-known exchanges that are out there since it has been around for so long. Though it may not be one that most people are familiar with nowadays, they can rest assure knowing that the National Stock Exchange was one of the ones to get it to where the stock market is today.