New York Stock Exchange on 17th May

Modern NYSE

NYSE on 17th May 1792

Today, on 17th May the "New York Stock Exchange" was founded in 1792. It was started by 24 brokers who met under the Buttonwood tree at 70 wall street. The formation authorized by the draft of the "Buttonwood Agreement", which took place on May 17, 1792. It was beginning
of the New York Stock & Exchange Board now called the "New York Stock Exchange".
The organization of exchange drafted its constitution on March 8, 1817. It named itself the "New York Stock & Exchange Board". In 1863, nomenclature was shortened to its present day form, "New York Stock Exchange".

The New York Stock Exchange (NYSE), sometimes also known as the "Big Board". It is located at 11 Wall Street, Lower Manhattan of New York City, The United States. It is the world's largest stock exchange by market capitalization and it has listed companies at US$16.613 trillion (as on May 2013). in 2013 the Average daily trading value was nearly US$169 billion.

In the beginning of World War I, The exchange was closed (July 31, 1914), but it re-opened partially on November 28 1914 in view to help the war effort by trading bonds, and completely reopened in mid-December for stock trading.

The Black Thursday crash of the Exchange occurred on October 24, 1929. It gave effect of sell-off panic on Black Tuesday, October 29. These brought about the great economic Depression. In an effort to restore the investor confidence, the Exchange introduced a 15-point program, which aimed to enhance the protection on October 31, 1938 for the investing public.

On 1/10/1934 With the U.S. Securities and Exchange Commission, the exchange was registered as a national securities exchange. The non-profit corporation was formed with a President and a 33 members on board. Later the number of board members was reduced to 25 on 18th Feb 1971.

After the terrorist attacks on the September 11, 2001, the NYSE was closed for 4 trading sessions, (one of the longest times) earlier the NYSE was not closed for more than one session.

On May 1, 2014 the stock exchange was fined $4.5 million by Securities and Exchange Commission, the cause was "to settle charges against it for market rules Violation".