History of Stock Brokerage
The origin of stockbrokers can be traced back to the century when stock markets began emerging. The Amsterdam Stock Exchange, established in 1602 is widely regarded as the worlds stock exchange. As these markets grew in size and complexity there was a recognised need for intermediaries who could facilitate transactions and offer advice. This marked the inception of stockbrokers. In the United States, stockbrokers initially operated as traders under a tree on Wall Street during the 18th century. In 1792 a pivotal moment occurred when 24 stockbrokers signed an agreement known as the Buttonwood Agreement. This agreement laid down the foundation for what would become known as the New York Stock Exchange (NYSE). It was a milestone in formalising stock trading and cementing brokers vital role, in shaping Americas system.
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