NYSE Headquarters Office
New York Stock Exchange (NYSE)
Address: No. 20 Broad Street, New York
New York City 10005, United States
Phone Number: 212 656-5165
Customer service: +1 212-896-2830
The origin of the New York Stock Exchange can be traced to May 17, 1792, when the Buttonwood Agreement was signed by 24 stock brokers on Wall Street in New York City under a buttonwood tree. On March 8, 1817, the organization drafted a constitution and renamed itself the “New York Stock & Exchange Board.” (This name was shortened to its current form in 1863.) Anthony Stockholm was elected the Exchange’s first president.
The floor of the New York Stock Exchange in 1908
The first central location of the Exchange was a room rented for $200 a month located at 40 Wall Street.
The building was destroyed in the Great Fire of New York (1835), after which the Exchange moved to a temporary headquarters.
In 1863, it changed its name to the New York Stock Exchange (NYSE).
In 1865, it moved to 10-12 Broad Street.
The Dow Jones Industrial Average (DJIA) was created in 1896 by Charles Dow, co-founder of Dow Jones & Company, a financial news publisher. This figure was calculated by tracking the stock prices of twelve different companies and taking their average.
Published in The Wall Street Journal, the DJIA quickly became a popular indicator of stock market activity.
The volume of stocks traded increased sixfold in the years between 1896 and 1901, and the NYSE needed a larger space to conduct business.
Eight New York City architects were invited to participate in a design competition for a new building and the Exchange selected the neoclassic design from architect George B. Post. Demolition of the existing building at 10 Broad Street and the adjacent lots started on May 10, 1901.