Open_Board_of_Stock_Brokers

Open Board of Stock Brokers

Open Board of Stock Brokers

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Not to be confused with the New-York Open Board of Stock Brokers, formed in 1877.

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]

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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

  1. [1]
    E. Wright, Robert (January 8, 2013). "The NYSE's Long History of Mergers and Rivalries". Bloomberg. Retrieved April 10, 2017.
  2. [2]
    "The New Stock Exchange". The New York Times. February 22, 1877. Retrieved April 10, 2017.

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