tailieunhanh - AMERICAN STOCK EXCHANGE: Historical Timeline

The market capitalization, GDP information and market capitalization to GDP ratio is presented in table1. Also figure 1 shows the trend in the market size between 1996 and 2004. It can be seen from the table and the figure that the stock market size increased from 1996 to 2002 and then fluctuated slightly from 2002 to 2004. In April 2002 Amalgamated Telecom Holdings (ATH) got listed and the data show that its impact on the stock market size has been enormous. It had a market concentration of and this is the reason for the significant increase in. | NYSE Euronext AMERICAN STOCK EXCHANGE Historical Timeline AMERICAN STOCK EXCHANGE 1-1929 Historical Timeline -1790 The federal government issues 80 million in bonds to repay Revolutionary War debt marking the birth of the . investment markets. Two years later 24 stockbrokers sign the Buttonwood Agreement and eventually move to the Tontine Coffee House to trade. Other brokers continue trading in the street. p1840s During the California Gold Rush curbstone brokers make markets for mining companies facilitating development of a new and rapidly growing industry. p1859 Petroleum is discovered in western Pennsylvania and oil stocks are soon traded on the curb market. From nearby office windows clerks communicate buy and sell orders to their brokers using hand signals. The New York Curb Market changes its name to the New York Curb Exchange. r1890s The curb market moves to Broad Street near Exchange Place. L1904 n 1930 To meet increasing share volume the trading floor is expanded to more than twice its size. The entrance to the Exchange is moved to 86 Trinity Place. The Curb Exchange is the leading international stock market listing more foreign issues than all other . securities markets combined. 1971 The NYSE and the Amex consolidate key automation and service facilities in a new jointly owned corporation the Securities Industry Automation Corporation SIAC . The Amex is incorporated as a not-for-profit corporation. 1953 L1830s Traders doing business in the street come to be called curbstone brokers. Typically the curbstone brokers specialize in the stocks of small newly created enterprises such as turnpikes canals and railroads. 1850s 1864---------- Open Board of Stock Brokers opens founded in part by former curbstone brokers. It merges with the New York Stock Exchange in 1869. Emanuel S. Mendels begins to organize the curb market to promote sound and ethical dealings. In 1908 the New York Curb Market Agency is established codifying trading practices. L1865 .