2006年VOA标准英语-New York Stock Exchange Goes Public

By George Dwyer
Washington, DC
10 March 2006
 
watch NY Stock Exchange report
 

New York Stock Exchange   
  
The New York Stock Exchange closed the book on more than 200 years of tradition this week by selling the stock of a brand new company. What is new is that the company owns the Exchange itself. VOA's George Dwyer has our report.

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The New York Stock Exchange, or NYSE, began operating in 1792 when a handful of traders met to establish trading rules for stocks. Since then the Exchange has been run by its members - or seat-holders. This week they began selling stock in a completely new company - a firm that owns the exchange itself. 

John Thain  
  
John Thain is CEO of the new NYSE Group says, "It gives the American investing public and actually the world's investing public the ability to own shares in the world's largest equity¹ market, so I think that's a great opportunity and then we will, as we become a public company, we will really look to make sure we maintain our  position as the leading marketplace in the world."

In recent years, the N.Y.S.E. had lost business to other exchanges that were faster and more efficient in matching buyers and sellers. So, to catch up, the NYSE bought an electronic exchange, called Archipelago, and is now working to enhance its electronic trading.  But the Exchange will still offer traditional face-to-face stock trading as well. 

 
Roben Farzad
  
Roben Farzad is an editor with Business week magazine. "Think about the irony² here - they are the premier³ place apparently⁴ in the world to have a stock listed, but their own stock wasn't listed, so this is really putting their money where their mouth is.  On the flipside, there is more scrutiny⁵, there is more transparency, you have the pressure now to deliver on earnings⁶ and project earnings and you have more than your old constituency, there's several more constituents⁷ now, the shareholders⁸ and Wall Street analysts⁹ being two loud ones."

Even though it has new owners, one thing has not changed - the New York Stock Exchange remains¹⁰ the world's largest stock market.

1 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

2 irony   

n.反语，冷嘲；具有讽刺意味的事，嘲弄

参考例句：

• She said to him with slight irony.她略带嘲讽地对他说。
• In her voice we could sense a certain tinge of irony.从她的声音里我们可以感到某种讥讽的意味。

3 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。

4 apparently   

adv.显然地；表面上，似乎

参考例句：

• An apparently blind alley leads suddenly into an open space.山穷水尽，豁然开朗。
• He was apparently much surprised at the news.他对那个消息显然感到十分惊异。

5 scrutiny   

n.详细检查，仔细观察

参考例句：

• His work looks all right,but it will not bear scrutiny.他的工作似乎很好，但是经不起仔细检查。
• Few wives in their forties can weather such a scrutiny.很少年过四十的妻子经得起这么仔细的观察。

6 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

7 constituents   

n.选民( constituent的名词复数 )；成分；构成部分；要素

参考例句：

• She has the full support of her constituents. 她得到本区选民的全力支持。
• Hydrogen and oxygen are the constituents of water. 氢和氧是水的主要成分。 来自《简明英汉词典》

8 shareholders   

n.股东( shareholder的名词复数 )

参考例句：

• The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
• the company's fiduciary duty to its shareholders 公司对股东负有的受托责任

9 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

10 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。