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New York Stock Exchange (1865)
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1889

New York Stock Exchange (1865)
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IMAGE DATE1889
FromNew York Public Library logoNew York Public Library

New York Stock Exchange, 1889.

The origins of the New York Stock Exchange date to 1792 when 24 brokers signed the Buttonwood Agreement, which set a set a floor commission rate. The exchange was housed in a rented space at 40 Wall Street (until it burned down in the fire of 1835) and a few temporary locations. The New York Stock Exchange, officially named in 1863, moved into its first permanent home at 10-12 Broad Street in 1865. Stock trading increased sixfold between 1896 and 1901, necessitating a large venue. The building at nos. 10-12 was demolished in 1901, along with its immediate neighbors, for the construction of a new Stock Exchange. Designed by George B. Post, the Classical Revival structure opened for trading in April of 1903.

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