时间:2019-01-02 作者:英语课 分类:健康与经济


英语课

ECONOMICS REPORT - Owners of the New York Stock Exchange Vote for Change
By Mario Ritter


Broadcast: Friday, December 16, 2005


I'm Steve Ember with the VOA Special English Economics Report.


In April, the New York Stock Exchange proposed to join with Archipelago Holdings. On December sixth, members of the exchange approved the merger 1 by a vote of ninety-five percent.


 
pool nyse 12june 150.jpg
The New York Stock Exchange is two centuries old. It is the biggest in the world in terms of the value of the stocks traded. The Big Board lists almost two thousand eight hundred companies. They have a combined worth of almost twenty million million dollars.


Archipelago is less than ten years old. It is a trading technology company based in Chicago. It developed one of the first electronic trading systems. It now trades over eight thousand stocks. Many are also listed on other exchanges.


The combined company will be called the N.Y.S.E Group. Current members of the N.Y.S.E. will own seventy percent of the new company. Archipelago shareholders 2 will own thirty percent of it.


The New York Stock Exchange still uses an "open outcry" system. Traders shout offers to buy or sell stocks on the trading floor. But trading electronically has become more and more important.


John Thain is the chief executive officer. He talks of a "hybrid 3 market" that combines human and electronic trading systems. Mister Thain says developing both gives investors 4 the best price on trades.


Increasing electronic trading is only part of the merger deal. Since nineteen seventy-one, the New York Stock Exchange has been organized as a non-profit corporation. The current owners are the almost one thousand four hundred members known as seatholders.


The new owners will be shareholders. The exchange will become a public company like other major stock exchanges. And, like other public companies, it will have to report financial information to the Securities and Exchange Commission.


The New York Stock Exchange is a self-regulatory organization. It enforces its own rules for some of its members. The National Association of Securities Dealers 5 supervises investment traders and trading companies. Some companies are supervised by both the exchange and the association.


Some lawmakers and the Securities Industry Association are suggesting changes. They want to make policing the market simpler.


This VOA Special English Economics Report was written by Mario Ritter.  I'm Steve Ember.



n.企业合并,并吞
  • Acceptance of the offer is the first step to a merger.对这项提议的赞同是合并的第一步。
  • Shareholders will be voting on the merger of the companies.股东们将投票表决公司合并问题。
n.股东( shareholder的名词复数 )
  • 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
n.(动,植)杂种,混合物
  • That is a hybrid perpetual rose.那是一株杂交的四季开花的蔷薇。
  • The hybrid was tall,handsome,and intelligent.那混血儿高大、英俊、又聪明。
n.投资者,出资者( investor的名词复数 )
  • a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
  • a cash bonanza for investors 投资者的赚钱机会
n.商人( dealer的名词复数 );贩毒者;毒品贩子;发牌者
  • There was fast bidding between private collectors and dealers. 私人收藏家和交易商急速竞相喊价。
  • The police were corrupt and were operating in collusion with the drug dealers. 警察腐败,与那伙毒品贩子内外勾结。
学英语单词
ab-dabs
Abades
abdollahs
abiortrophic degeneration
acyclic sesquiterpene
alternating axes (of symmetry)
Amarpātan
big leaguers
Bilamid-cilag
blow-off
bottom plow
brail line
breslaw
bullshittery
Calliergonella
capestang
center surface of pin holes
choir aisle
chordophonic
classification of systems
closed base
Commonwealth of the Northern Mariana Islands
competitive enterprise
complex surface
corn husking machine
curb bend
Dagomys
defrosted
demi-tone
devey
die-away
differential construction subsidy
diffuse illumination
disparse
driving fid
examination of sanitary water
Faustan
firstborns
foreign branch store
formanging
full-stroke hay press
galvanized hoop iron
genus Burmannia
get the gate
grammaticises
habitual decision making
halimeda incrassata
hardware connections
hereditary cerebellar ataxias
hyomandibular nerve
ill goodwill
implore sb for sth
in-process control
inner orbital coordination compound
iphianassa
keep the secret
kick-starts
Lady McLeod
lathework
lespedeza cuneatas
Mato Grosso do Sul
mattiya
mill cinder
Modular Plug
modular theory
monologian
nerve function
neuromyelitis optica
non-flowing character
ocra
one-port amplifier
oversanded mix
perquaric(c.i.p.w.)
pre-cleaning
programming start
pumping energy storage
quantity price break information
report on title
reverse valve trailbar bushing
reversecurrent cut-out
Rhogadinae
root-mean-square displacement
Saxifraga coarctata
Shady Grove
shaft dryer
shiloah
small tithes
solid roller
spankerchief
sports building
Staphorst
strict confidence
surface runoff
taper seat
TIV (thermal-insulating value)
toek
treetomato
tsunami earthquake
utero-abdominal pouch
uxmal
what are you waiting for
yasari