Anthony Stockholm

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Anthony Stockholm was the first president of the New York Stock Exchange from 1817 to 1818. [1]

New York Stock Exchange American stock exchange

The New York Stock Exchange is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

The origin of the NYSE can be traced to May 17, 1792, when the Buttonwood Agreement was signed by 24 stock brokers outside of 68 Wall Street in New York under a buttonwood tree on Wall Street which earlier was the site of a stockade fence. On March 8, 1817, the organization drafted a constitution and renamed itself the "New York Stock & Exchange Board" (this name was shortened to its current form in 1863). Anthony Stockholm was elected the Exchange's first president

Buttonwood Agreement

The Buttonwood Agreement, which took place on May 17, 1792, was an effort to organize securities trading in New York City that preceded the formation of the New York Stock & Exchange Board now called the New York Stock Exchange. This agreement was signed by 24 stockbrokers outside of 68 Wall Street. According to legend the signing took place under a buttonwood tree, but this tree may never have existed.

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References

  1. "Presidents and Chairmen of the New York Stock Exchange" (PDF). New York Stock Exchange. Archived from the original (PDF) on 2009-04-21.