What is the New York Stock Exchange?


What is the New York Stock Exchange?

nomi king 6 months 1 Answer 119 views

Answer ( 1 )

  1. On May 17, 1792, twenty-four stockbrokers gathered outside 68 Wall Street under a buttonwood tree to sign an agreement that would establish the rules for buying and selling bonds and shares of companies. The Buttonwood Agreement, as it is known, is so named because the tree served as the regular meeting place for these pioneers of Wall Street. The signers of the Buttonwood Agreement drafted their first constitution on March 8th, 1817, and named their nascent organization the New York Stock & Exchange Board.
    The exchange is located at 11 Wall Street, in lower Manhattan. The NYSE is currently owned by a company called ICE (IntercontinentalExchange Group, Inc.).

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