buttonwood agreement การใช้

In 1817 the stockbrokers of New York operating under the Buttonwood Agreement instituted new reforms and reorganized.
The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement.
On May 17, 1792 twenty four brokers signed the Buttonwood Agreement which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales.
The terms under which the New York Stock Exchange was formed are called the " Buttonwood Agreement, " because it was signed under a buttonwood ( sycamore ) tree at 68 Wall Street, New York City in 1792.
In the 1800s, in the United States, the New York Stock Exchange opened its doors under a buttonwood tree in New York City . 24 stockbrokers signed the Buttonwood Agreement, agreeing to trade five securities under that buttonwood tree.