Open Board of Stock Brokers
The Open Board of Stock Brokers was an early regional stock exchange in the United States. It was established in 1864, "to profit from the economic and investment boom sparked by the Civil War."[1]
| Type | Regional stock exchange |
|---|---|
| Location | 16 and 18 Broad Street, Manhattan, New York City, United States |
| Founded | 1864 |
| Closed | Merged with the NYSE in 1869 |
| Currency | United States dollar |
The old Open Board of Stock Brokers was located at 16 and 18 Broad Street, now the site of the New York Stock Exchange Building.[2]
With 354 members, the Open Board of Stock Brokers rivaled its early competitor the NYSE in membership (which had 533) "because it used a more modern, continuous trading system superior to the NYSE’s twice-daily call sessions." The Open Board of Stock Brokers merged with the NYSE in 1869.[1]
Later in 1877, a new organization the New-York Open Board of Stock Brokers commissioned the building of the old Open Board of Stock Brokers.[2]
See also
References
- E. Wright, Robert (January 8, 2013). "The NYSE's Long History of Mergers and Rivalries". Bloomberg. Retrieved April 10, 2017.
- "The New Stock Exchange". The New York Times. February 22, 1877. Retrieved April 10, 2017.
Further reading
- E. Wright, Robert (January 8, 2013). "The NYSE's Long History of Mergers and Rivalries". Bloomberg.