New York City Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! === Wall Street === {{main|Wall Street|Financial District, Manhattan}} [[File:Gaming-Wall-Street BTS Prodigium-266.jpg|thumb|The [[New York Stock Exchange]] is the [[List of stock exchanges#Major stock exchanges|world's largest stock exchange]] per total [[market capitalization]] of [[Lists of companies listed on the New York Stock Exchange|its listed companies]].<ref name="NYSElargest"/><ref name="NYSEhighestcap"/>|alt=A large flag is stretched over Roman style columns on the front of a large building.]] New York City's most important [[economic sector]] lies in its role as the headquarters for the [[Financial center|U.S. financial industry]], metonymously known as ''Wall Street''. [[Lower Manhattan]] is home to the [[New York Stock Exchange]], at [[New York Stock Exchange Building|11 Wall Street]], and the [[Nasdaq]], at [[One Liberty Plaza|165 Broadway]], representing the world's largest and second largest [[stock exchange]]s, respectively, when measured both by overall average daily trading volume and by total [[market capitalization]] of their listed companies in 2013.<ref name="NYSElargest">{{cite web |title = NYSE Listings Directory |url = https://www.nyse.com/about/listed/lc_ny_overview.html |archive-url = https://web.archive.org/web/20130621174531/http://www.nyse.com/about/listed/lc_ny_overview.html |archive-date = June 21, 2013 |access-date = June 23, 2014 |publisher = [[New York Stock Exchange]] }}</ref><ref name="NYSEhighestcap">{{cite web |title = 2013 WFE Market Highlights |url = http://www.world-exchanges.org/files/2013_WFE_Market_Highlights.pdf |archive-url = https://web.archive.org/web/20140327112731/http://www.world-exchanges.org/files/2013_WFE_Market_Highlights.pdf |date = January 28, 2014 |archive-date = March 27, 2014 |access-date = July 20, 2014 |publisher = [[World Federation of Exchanges]] }}</ref> In fiscal year 2013β14, Wall Street's [[securities industry]] generated 19% of New York State's tax revenue.<ref>{{cite web |date = March 11, 2015 |title = DiNapoli: Wall Street Bonuses Edge Up in 2014 |url = https://www.osc.state.ny.us/press/releases/mar15/031115.htm |access-date = July 15, 2015 |publisher = Office of the [[New York State Comptroller]] }}</ref> New York City remains the largest global center for trading in [[public equity]] and [[Security (finance)|debt]] capital markets, driven in part by the size and [[Financial Development Index|financial development]] of the [[U.S. economy]].<ref name="CNY2007">{{cite report |url = http://www.nyc.gov/html/om/pdf/ny_report_final.pdf |title = Sustaining New York's and the US' Global Financial Services Leadership |publisher = [[New York City Economic Development Corporation]] |access-date = July 19, 2015 }}</ref>{{rp|31β32}}<ref>{{cite web |date = June 2013 |title = Total debt securities |url = http://www.bis.org/statistics/r_qa1306_hanx18.pdf |access-date = July 19, 2015 |publisher = [[Bank for International Settlements]] }}</ref> New York also leads in [[hedge fund]] management; [[List of private equity firms|private equity]]; and the monetary volume of [[mergers and acquisitions]]. Several [[Investment Banking|investment banks]] and [[Investment management|investment managers]] headquartered in Manhattan are important participants in other global financial centers.<ref name="CNY2007" />{{rp|34β35}} New York is the principal [[commercial bank]]ing center of the United States.<ref>{{cite news |last = Chaudhuri |first = Saabira |date = September 15, 2014 |title = Ranking the Biggest U.S. Banks: A New Entrant in Top 5 |newspaper = [[The Wall Street Journal]] |url = https://blogs.wsj.com/moneybeat/2014/09/15/ranking-the-biggest-u-s-banks-a-new-entrant-in-top-5/ |access-date = July 19, 2015 }}</ref> Manhattan contained over 500 million square feet (46.5 million m<sup>2</sup>) of office space in 2018,<ref name="ManhattanOfficeSpace">{{cite web |first = Cynthia |last = Foster |date = December 7, 2018 |title = Q3 2018 U.S. Office Market Outlook |url = https://www2.colliers.com/en/Research/2018-Q3-US-Office-Market-Outlook-Report |access-date = April 13, 2019 |publisher = [[Colliers International]] |archive-date = April 14, 2019 |archive-url = https://web.archive.org/web/20190414022654/https://www2.colliers.com/en/Research/2018-Q3-US-Office-Market-Outlook-Report |url-status = dead }}</ref> making it the largest office market in the United States,<ref>{{cite web |title = Understanding The Manhattan Office Space Market |url = http://www.officespaceseeker.com/manhattan-office-space-market.html |access-date = July 20, 2014 |publisher = Officespaceseeker.com |archive-date = July 13, 2014 |archive-url = https://web.archive.org/web/20140713071533/http://www.officespaceseeker.com/manhattan-office-space-market.html |url-status = dead }}</ref> while [[Midtown Manhattan]], with 400 million square feet (37.2 million m<sup>2</sup>) in 2018,<ref name="ManhattanOfficeSpace" /> is the largest [[central business district]] in the world.<ref>{{cite web |title = Marketbeat United States CBD Office Report 2Q11 |url = http://www.cushwake.com/cwmbs2q11/PDF/off_us_cbd_2q11.pdf |archive-url = https://web.archive.org/web/20130508231043/http://www.cushwake.com/cwmbs2q11/PDF/off_us_cbd_2q11.pdf |archive-date = May 8, 2013 |access-date = July 20, 2014 |publisher = [[Cushman & Wakefield|Cushman & Wakefield, Inc]] }}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. 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