Investment Blog Posts

POWER OF WALL STREET: THE NEW YORK STOCK EXCHANGE

The NYSE was originally founded on May 17, 1792 when 24 stockbrokers signed the Buttonwood Agreement on Wall Street in New York City. As the story has been passed down, the founding members met beneath a Buttonwood tree with the purpose of forming a centralized exchange for trading securities. The agreement eliminated the need for auctioneers, who were used frequently for wheat, tobacco and other commodities, as well as setting a commission rate for trading securities. [...]

(Updated) January 10, 2022 By Michael J Defosse Read More

THE HOME OF TECHNOOGY STOCKS: NASDAQ

The National Association of Securities Dealers Automated Quotations (NASDAQ) was founded by a group of local stockbrokers in 1971. The exchange is different in that it never operated as an open outcry system. Instead, it always used a computer and telephone-based system of trading, which made it the first electronic stock exchange in the world. [...]

(Updated) January 3, 2022 By Michael J Defosse Read More

AMERICA’S FIRST STOCK EXCHANGE: THE PHILADELPHIA STOCK EXCHANGE

The Philadelphia Stock Exchange (PHLX), founded in 1790, was the first stock exchange established in the United States. Originally named the Board of Brokers of Philadelphia, it was also known as the Philadelphia Board of Brokers. The first meeting place was the Merchant Coffee House, now known as City Tavern, which is at the corner of 2nd and Walnut Streets. [...]

(Updated) December 27, 2021 By Michael J Defosse Read More

DERIVATIVE EXCHANGES RANKING (2019)

A derivative is a contract between parties where its value is based upon an underlying asset or group of assets. Common underlying assets include stocks, bonds, commodities, currencies, interest rates and market indexes. The derivative contract creates a financial security that is used for speculation or as a hedge. [...]

November 28, 2019 By Michael J Defosse Read More