Photo © New York Public Library

The New York Curb Market established

Description

The origins of stockbrokers in New York trace back to 1788 with an authorized bond issue and the informal establishment of a stock exchange in 1792 under a buttonwood tree on Wall Street. By 1869, organized trading rules were formalized through the New York Stock and Exchange Board.

Established, 1873

Brokers who traded unlisted securities outside became known as “curbstone brokers,” forming the New York Curb Market, known for chaotic trading. Called the “Father of the Curb,” E. E. Mendels in an attempt to regulate the market, drew up an informal agreement that eventually became the Curb Market Association.

Map View

New York Stock Exchange, 20 Broad St, New York, NY 10005, USA

On the curb the New York Stock Exchange

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