Nowadays the world 's main trading platform is considered to be the New York Stock Exchange (NYSE). Not only for the United States but also for the whole world of finance, it is the great and major exchange. In the history of its creation, an important date is 1792. The year when twenty four brokers in New York signed the Buttonwood Agreement on the establishment of a new stock exchange in order to be able to limit their commission fees .
However, as we know it today The New York Stock Exchange begins its history in the year 1865 when it has acquired its own building with a white facade with six columns built in the Corinthian style . Since that day the building became a symbol of the American stock market. The second half of the nineteenth century was an unprecedentedly generous to all kinds of innovations in the New York stock exchange trading. At the time the exchange was only a few steps from the modern methods of trading. Nonetheless, trading operations in the stock market were performed not by the owners of shares, but mainly by specialists. In 1866 London and New York became bounded with transatlantic telegraph cable and since then the rate of pound sterling against the dollar is often called - "cable" . In 1867 the first stock ticker has appeared: via telegraph system investors were able to almost instantly find out the current stock quotes, being thousands of kilometers away from the exchange itself. New York’s stock market has kept pace with the progress .
At this time only the lucky owners of "place" which was provided for the lifelong period by the decision of the Governing Council could trade on the NYSE (New York Stock Exchange). However, in 1868 the Board of Governors of the N...
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...he suspension of futures trading until the end of the war .
To conclude, today the global economy is much more liberal than in the years of the Second World War. It took almost a century to rebuild the world the degree of openness of the economy and international trade, which existed before the outbreak of the First World War. The main forces guide the development of exchange business in the first half of the twentieth century, were two world wars and the economic downturn in the period between the two. As a result of political and economic instability at this time was the need for safeguards against adverse effects of market forces on the economy of countries. Nowadays, The New York Stock Exchange still supports the image of the one of the biggest exchanges in the World and a big white building in the heart of New York is still a symbol of the American trade market.
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