New York Stock Market
The New York Stock Exchange traces its origins to a founding agreement in 1792. The NYSE registered as a national securities exchange with the U.S. Securities and Exchange Commission on October 1, 1934. The Governing Committee was the primary governing body until 1938, at which time The Exchange hired its first paid president and created a thirty-three member Board of Governors. The Board included Exchange members, non-member partners from both New York and out-of-town firms, as well as public representatives.
In 1971 The Exchange was incorporated as a not-for-profit corporation. In 1972 the members voted to replace the Board of Governors with a twenty-five member Board of Directors, comprised of a Chairman and CEO, twelve representatives of the public, and twelve representatives from the securities industry.
Subject to the approval of the Board, the Chairman may appoint a President, who would serve as a director. Additionally, at the Board's discretion, they may elect an Executive Vice Chairman, who would also serve as a director.
The New York Stock Exchange traces its origins back more than 200 years, to the signing of the Buttonwood Agreement by 24 New York City stockbrokers and merchants in 1792. Centuries of growth and innovation later, the NYSE remains the world's foremost securities marketplace. Over the years, its commitment to issuers and investors has been unwavering, and its persistent application of the latest technology has allowed it to maintain a level of market quality and service that is unparalleled.
This section of nyse.com offers an historical perspective on how the NYSE grew to become the global marketplace of today. The Exchange is proud of its long and rich history, and invites you to explore these pages to learn more about its achievements, major milestones, and record-setting events.
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