The New York Stock Exchange (NYSE), nickname the "Big Board", is a stock exchange based in New York City. It is the largest stock exchange in the world by dollar volume and, with 2,764 listed securities, has the second most securities of all stock exchanges. It was the second biggest stock exchange in the world in terms of company listings, second only to NASDAQ with 3,200 companies, before the Bombay Stock Exchange (BSE) of India consolidated to become the biggest stock exchange in the world with 4,800 company listings as of August 2007. As of December 31, 2006, the combined capitalization of all New York Stock Exchange listed companies was $25.0 trillion.