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NYSE: 200 Years of Market Ups & Downs
Two hundred years ago on March 8, 1817, the New York Stock & Exchange Board was officially launched by a group of financial brokers, who rented rooms at 40 Wall Street.
It was renamed the New York Stock Exchange (NYSE) in 1863.
The idea for stock market was informally created in 1792, when 24 brokers and merchants signed The Buttonwood Agreement to trade securities in return for commission.
It was named for the group’s meeting place under a Buttonwood...