The Financial District (Manhattan)
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The Financial District (Manhattan)
The Financial District of Lower Manhattan, also known as FiDi, is a neighborhood located on the southern tip of Manhattan in New York City. It is bounded by the West Side Highway on the west, Chambers Street and City Hall Park on the north, Brooklyn Bridge on the northeast, the East River to the southeast, and South Ferry and the Battery on the south. The City of New York was created in the Financial District in 1624, and the neighborhood roughly overlaps with the boundaries of the New Amsterdam settlement in the late 17th century. The district comprises the offices and headquarters of many of the city's major financial institutions, including the New York Stock Exchange and the Federal Reserve Bank of New York. Anchored on Wall Street in the Financial District, New York City has been called both the most financially powerful city and the leading financial center of the world, and the New York Stock Exchange is the world's largest stock exchange by total market capitaliz ...
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List Of Manhattan Neighborhoods
This is a list of neighborhoods in the New York City Boroughs of New York City, borough of Manhattan arranged geographically from the north of the island to the south. The following approximate definitions are used: *Upper Manhattan is the area above 96th Street (Manhattan), 96th Street. *Midtown Manhattan is the area between 34th Street (Manhattan), 34th Street and 59th Street (Manhattan), 59th Street. *Lower Manhattan is the area below 14th Street (Manhattan), 14th Street. *West Side (Manhattan), West Side is the area west of Fifth Avenue; East Side (Manhattan), East Side is the area east of Fifth Avenue. Neighborhood names and boundaries are not officially defined. They may vary or change from time to time due to demographic and economic variables. Uptown neighborhoods Midtown neighborhoods Between Midtown and Lower Manhattan †Large scale developments Lower Manhattan neighborhoods †Large scale developments Islands * Ellis Island * Governors Island * Liberty Islan ...
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Neighborhoods Of Manhattan
This is a list of neighborhoods in the New York City borough of Manhattan arranged geographically from the north of the island to the south. The following approximate definitions are used: *Upper Manhattan is the area above 96th Street. *Midtown Manhattan is the area between 34th Street and 59th Street. *Lower Manhattan is the area below 14th Street. *West Side is the area west of Fifth Avenue; East Side is the area east of Fifth Avenue. Neighborhood names and boundaries are not officially defined. They may vary or change from time to time due to demographic and economic variables. Uptown neighborhoods Midtown neighborhoods Between Midtown and Lower Manhattan †Large scale developments Lower Manhattan neighborhoods †Large scale developments Islands * Ellis Island * Governors Island * Liberty Island * Randalls and Wards Islands * Roosevelt Island See also * Neighborhoods in New York City * List of Bronx neighborhoods * List of Brooklyn neighborhoods * List of Qu ...
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New York Mercantile Exchange
The New York Mercantile Exchange (NYMEX) is a commodity futures exchange owned and operated by CME Group of Chicago. NYMEX is located at One North End Avenue in Brookfield Place in the Battery Park City section of Manhattan, New York City. The company's two principal divisions are the New York Mercantile Exchange and Commodity Exchange, Inc (COMEX), once separately owned exchanges. NYMEX traces its history to 1882 and for most of its history, as was common of exchanges, it was owned by the members who traded there. Later, NYMEX Holdings, Inc., the former parent company of the New York Mercantile Exchange and COMEX, went public and became listed on the New York Stock Exchange on November 17, 2006, under the ticker symbol NMX. On March 17, 2008, Chicago based CME Group signed a definitive agreement to acquire NYMEX Holdings, Inc. for $11.2 billion in cash and stock and the takeover was completed in August 2008. Both NYMEX and COMEX now operate as designated contract markets ...
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Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also ...
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List Of Stock Exchanges
This is a list of major stock exchanges. Those futures exchanges that also offer trading in securities besides trading in futures contracts are listed both here and in the list of futures exchanges. There are sixteen stock exchanges in the world that have a market capitalization of over US$1 trillion each. They are sometimes referred to as the "$1 Trillion Club". These exchanges accounted for 87% of global market capitalization in 2016. Some exchanges do include companies from outside the country where the exchange is located. Major stock exchanges Major stock exchange groups (the current top 21 by market capitalization) of issued shares of listed companies ("MIC" = market identifier code). * Note: "Δ" to UTC, as well as "Open (UTC)" and "Close (UTC)" columns contain valid data only for standard time in a given time zone. During daylight saving time period, the UTC times will be one hour less and Δs one hour more. **Applicable for non-closing auction session shares only. S ...
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Federal Reserve Bank Of New York
The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New Jersey, Fairfield County in Connecticut, Puerto Rico, and the U.S. Virgin Islands. Located at 33 Liberty Street in Lower Manhattan, it is by far the largest (by assets), the most active (by volume), and the most influential of the Reserve Banks. The Federal Reserve Bank of New York is solely responsible for implementing monetary policy on behalf of the Federal Open Market Committee and acts as the market agent of the entire Federal Reserve System (as it houses the Open Market Trading Desk and manages System Open Market Account). It is also the sole fiscal agent of the U.S. Department of the Treasury, the bearer of the Treasury's General Account, and the custodian of the world's largest gold storage reserve. Aside from these distinct f ...
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New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately 169 billion in 2013. The NYSE trading floor is at the New York Stock Exchange Building on 11 Wall Street and 18 Broad Street and is a National Historic Landmark. An additional trading room, at 30 Broad Street, was closed in February 2007. The NYSE is owned by Intercontinental Exchange, an American holding company that it also lists (). Previously, it was part of NYSE Euronext (NYX), which was formed by the NYSE's 2007 merger with Euronext. History The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securiti ...
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New Amsterdam
New Amsterdam ( nl, Nieuw Amsterdam, or ) was a 17th-century Dutch settlement established at the southern tip of Manhattan Island that served as the seat of the colonial government in New Netherland. The initial trading ''factory'' gave rise to the settlement around Fort Amsterdam. The fort was situated on the strategic southern tip of the island of Manhattan and was meant to defend the fur trade operations of the Dutch West India Company in the North River (Hudson River). In 1624, it became a provincial extension of the Dutch Republic and was designated as the capital of the province in 1625. By 1655, the population of New Netherland had grown to 2,000 people, with 1,500 living in New Amsterdam. By 1664, the population of New Netherland had risen to almost 9,000 people, 2,500 of whom lived in New Amsterdam, 1,000 lived near Fort Orange, and the remainder in other towns and villages. In 1664, the English took over New Amsterdam and renamed it New York after the Duke of ...
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The Battery (Manhattan)
The Battery, formerly known as Battery Park, is a public park located at the southern tip of Manhattan#Manhattan Island, Manhattan Island in New York City facing New York Harbor. It is bounded by Battery Place on the north, State Street (Manhattan), State Street on the east, New York Harbor to the south, and the Hudson River to the west. The park contains attractions such as an early 19th-century fort named Castle Clinton; multiple monuments; and the SeaGlass Carousel. The surrounding area, known as South Ferry (Manhattan), South Ferry, contains multiple ferry terminals, including the Staten Island Ferry's Whitehall Terminal; a boat launch to the Statue of Liberty National Monument (which includes Ellis Island and Liberty Island); and a boat launch to Governors Island. The park and surrounding area is named for the artillery battery, artillery batteries that were built in the late 17th century to protect the settlement behind them. By the 1820s, the Battery had become an entert ...
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South Ferry (Manhattan)
South Ferry is at the southern tip of Manhattan in New York City and is the embarkation point for ferries to Staten Island (Staten Island Ferry, through the Staten Island Ferry Whitehall Terminal) and Governors Island. Battery Park, abutting South Ferry on the west, has docking areas for ferries to Liberty Island and Ellis Island. Its name is derived from the more southerly route of service of the historical South Ferry Company in comparison to the Fulton Ferry. History The name "South Ferry" derives from a more southerly route of service than previous ferry lines between what were then the separate cities of New York and Brooklyn, rather than from being at the southern tip of Manhattan. The "Old Ferry" (later renamed the Fulton Ferry), crossed between Manhattan and Brooklyn from streets that in each city would eventually be renamed "Fulton Street". The "New Ferry" (also called the Catherine Ferry) crossed on a more northerly route than the Old Ferry, between Catherine ...
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East River
The East River is a saltwater tidal estuary in New York City. The waterway, which is actually not a river despite its name, connects Upper New York Bay on its south end to Long Island Sound on its north end. It separates the borough of Queens on Long Island from the Bronx on the North American mainland, and also divides Manhattan from Queens and Brooklyn, also on Long Island.Hodges, Godfrey. "East RIver" in Jackson, pp.393–93 Because of its connection to Long Island Sound, it was once also known as the ''Sound River''. The tidal strait changes its direction of flow frequently, and is subject to strong fluctuations in its current, which are accentuated by its narrowness and variety of depths. The waterway is navigable for its entire length of , and was historically the center of maritime activities in the city. Formation and description Technically a drowned valley, like the other waterways around New York City, the strait was formed approximately 11,000 years ago at the e ...
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Brooklyn Bridge
The Brooklyn Bridge is a hybrid cable-stayed/ suspension bridge in New York City, spanning the East River between the boroughs of Manhattan and Brooklyn. Opened on May 24, 1883, the Brooklyn Bridge was the first fixed crossing of the East River. It was also the longest suspension bridge in the world at the time of its opening, with a main span of and a deck above mean high water. The span was originally called the New York and Brooklyn Bridge or the East River Bridge but was officially renamed the Brooklyn Bridge in 1915. Proposals for a bridge connecting Manhattan and Brooklyn were first made in the early 19th century, which eventually led to the construction of the current span, designed by John A. Roebling. The project's chief engineer, his son Washington Roebling, contributed further design work, assisted by the latter's wife, Emily Warren Roebling. Construction started in 1870, with the Tammany Hall-controlled New York Bridge Company overseeing construction, although nume ...
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