Tuesday, September 23, 2014
   
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Stock Market

Parent Category: Educational

 

 

 

 

 

 

greenfastfacts 

 

1.  Wall Street was laid out behind a 12-foot-high wood stockade across lower Manhattan in 1685. The stockade was built to protect the Dutch settlers from British and Native American attacks.

2.  The “stock market” began in May 17th, 1792 when 24 stock brokers and merchants signed the Buttonwood Agreement.

3.  The first stock ticker was invented by Edward A. Calahan in 1867.

4.  The New York Stock Exchange (NYSE) began in 1817 as the brokers formed the New York Stock & Exchange Board (NYS&EB), renting rooms at 40 Wall Street and adopting a constitution

5.  Anthony Stockholm was the first President of the NYSE.

6.  Originally stocks were traded in what’s known as a “call market.” The President would read out each stock and the brokers would trade them. There was a morning session and an afternoon session.

7.  There are 2,764 listed securities on the exchange.

8.  In 1868, there were 533 seats on the NYSE.  There are currently 1,366 seats available on the NYSE.

9.  Muriel Siebert was the first woman to own a seat on the NYSE in 1967.  Joseph L. Searles III was the first African-American member of the Exchange in 1970.

10.  On December 1st, 2005, the highest price was paid for membership in the NYSE at $4 million.  Thirty days later, December 31st, the NYSE moves away from seats to annual trading licenses.

 

greenlinks

 Fast Facts Resources
New York Stock Exchange
Wikipedia:  Stock Exchange
Wikipedia:  New York Stock Exchange

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