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What It’s Like to Ring the Bell at the New York Stock Exchange

What It's Like to Ring the Bell at the New York Stock Exchange

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William Edwards/Business Insider

If we’re talking famous balconies, there are three that come to mind.

There’s the Pope’s at the Vatican, from where he blesses Saint Peter’s Square. Then there’s Juliet’s balcony in Verona, Italy, from Shakespeare’s “Romeo and Juliet.” And for us market geeks, you have the holy grail: the New York Stock Exchange’s iconic bell-ringing stage.

At the opening and close of every trading session at the NYSE, VIPs head up to the atrium gallery and ring a brass bell, as if to profess their love for, or say their prayers to, public markets.

The NYSE has used a bell to open and close the market since 1903, when it first relocated to its 11 Wall Street location, making it a long-standing tradition.

“It’s a very important symbol for companies,” said Chris Taylor, NYSE’s chief development officer and head of listings.

Earlier this month, I visited the exchange to see the bell ringing up close. Here’s what the experience was like.

Delta’s CEO was ringing the bell


nyse delta


William Edwards/Business Insider

I was going for the opening bell at 9:30 am, so I arrived about half-an-hour early. Airline company Delta was celebrating its 100th anniversary, and its CEO Ed Bastian, as well as a few of the company’s pilots and flight attendants, were set to ring the bell.

Red carpet treatment


nyse red carpet


William Edwards/Business Insider

Guests at the exchange are greeted at the entrance by a red carpet and velvet ropes, leading them into the building.

Delta memorabilia was displayed near the entrance


delta flight bag and ticket


William Edwards/Business Insider

The NYSE has lots of artifacts from the companies that list with them, and its Delta memorabilia was on display. Here are a few flight bags they used to sell to customers, along with the company’s first automated flight ticket.

Walk to the trading floor


nyse floor


William Edwards/Business Insider

After spending the morning in a boardroom, where they’re served breakfast, guests then head upstairs to the trading floor.

Familiar faces


nyse floor


William Edwards/Business Insider

As the market hadn’t opened yet, the atmosphere was pretty quiet. Looking around at the trading posts, I recognized many of the faces I’ve seen in photos from the trading floor.

Hi, Jim and Carl


nyse floor


William Edwards/Business Insider

Around 20 minutes before the bell rang, I headed up toward the bell-ringing area and caught an up-close look at CNBC hosts Jim Cramer and Carl Quintanilla. The set is positioned at what used to be trading post nine, right in front of the bell.

Signing the guest book


nyse floor


William Edwards/Business Insider

At about 9:20, Bastian and the other Delta guests came up to sign the NYSE’s guest book. NYSE President Lynn Martin joined them. The exchange has stacks of guest books going back decades.

Set for the opening bell


nyse


William Edwards/Business Insider

After a few minutes, the LED screen behind the bell balcony opened up, and Martin and Bastian appeared.

Either Martin or Taylor usually accompanies the guests to ring the bell, giving them instructions.

There’s a clock across from the balcony


nyse


William Edwards/Business Insider

Across from the balcony, there’s a clock and TV screen showing the balcony.

At the open, the bell rings 10 seconds before 9:30 am, and the trading session begins when the ringing ends. At the close, the bell starts ringing at 3:59:45, letting traders know they have 15 seconds to get their last trades in.

About thirty seconds before the bell rings, the NYSE staff pumps up the bell ringers and the onlookers, rousing applause and cheers.

Guests actually ring the bell by pushing a button. Sometimes, Taylor said, things can go wrong.

“It’s important for the bell ringer to understand that they’re actually controlling the bell and there’s a purpose for it. Because if they screw up, the traders will derisively boo them,” Taylor said.

He added: “We start clapping 30 seconds before, and I always warn people, ‘When I say here we go, that is not for the bell, that’s for clapping.’ Every once in a while someone will start ringing the bell way too early.”

All went smoothly this time


nyse opening bell


William Edwards/Business Insider

Kudos to Bastian, who rang the bell punctually.

Behind the scenes


nyse


William Edwards/Business Insider

After the bell, the folks at NYSE were nice enough to take me backstage, along the route that bell-ringers take to get to the balcony.


nyse


William Edwards/Business Insider

Once you scan in to the area, you head up some stairs.

Signature boards


nyse


William Edwards/Business Insider

The walls are lined with panels that guests have signed. Typically, guests sign the boards after they’ve rang the bell and are heading back down to the trading floor.

Spot anyone famous?


NYSE Chair Sharon Bowen


Allie Joseph/NYSE

Here’s NYSE Chair Sharon Bowen signing the wall in 2024.

The door to the balcony is surprisingly low-key


nyse


William Edwards/Business Insider

Behold, the door to the balcony. For all the pomp and circumstance of the exchange, the entry was much less grandiose than I would have expected, and I think that’s kind of cool. I mean, this could easily be mistaken for a closet — but no, it’s the portal to the world’s greatest symbol of capitalism.


nyse


William Edwards/Business Insider

Fun fact: the balcony has an occupancy limit of 16.

Unfortunately, when I took this picture, the balcony was still being used for photos.

View from above


Savannah Guthrie and Hoda Kotb


Nathan Congleton/NBC via Getty Images

But here’s a closer look from when TODAY’s Savannah Guthrie and Hoda Kotb rang the bell in 2023.


nyse


NYSE

And the view looking out over the exchange from the balcony. If you look closely at the monitor in the middle of the photo, you can see back into the stairwell where you enter from.

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