Around 1.five billion shares are traded on the New York stock industry just about every day. Trading of shares will take place virtually every weekday, except distinctive holidays, with the NYSE opening at 9:30 in the early morning and closing at four p.m. Currently, 1,366 members maintain seats in the NYSE that gives them the strength of direct trade in the exchange. These seats are considerably sought just after, as direct trade is not feasible on the NYSE without having it. The cost for occupying these seats rose to the position of $3.25 million in 2005. Till 1995, all transactions
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