7 students from the Chinese University of Hong Kong (CUHK) visited the renowned New York Stock Exchange (NYSE) this Thursday. Thanks to the CUHK New Asia College Alumni Association, these students were handpicked and given exclusive access inside the NYSE. There, they saw firsthand the exciting and tense trading activity that goes on behind the glamour of stock exchange.
The NYSE is by far the world's largest stock exchange by market capitalization of its listed companies at US$14.242 trillion. The average daily trading value was approximately US$153 billion in 2008. The students were taken on a tour of the place under the guidance of New Asia College Alumnus and ex-employee of the NYSE Peter Liu. He explained in detail about interesting NYSE topics such as traders, trading posts, bell-ringing conventions and hardware updates.
Albus Fu, a Business major from CUHK, said, "It is so cool that we are here at the NYSE and we get to see how it operates on the inside. This visit is special to me because I'm very interested in trading. I will definitely not forget this amazing experience."
The students, mostly Finance and Accounting majors, asked the guide to share more about his experiences and lessons he learnt from his years of stock market experience. He gave sincere and honest answers and was open to all sorts of questions from the students.
The short visit to the NYSE was informative and an eye-opening experience for all.
