Interesting Stock Market Facts

On May 17, 1792, the stock market began. 24 brokers and merchants have signed the Buttonwood Agreement. The first stock ticker, on the other hand, was invented by Edward A. Calahan in 1867.

On March 21, 1924, the first mutual fund (The Massachusetts Investors Trust) was created. And in 1928, the first mutual fund to include bonds and stocks was created – and this is the Wellington Fund.

New York Stock Exchange

• It was in 1817 that the New York Stock Exchange of NYSE began. The first NYSE members were the 24 brokers and firms. The first president was Anthony Stockholm. But the first full time salaried president was William McChesney Martin, Jr. in 1938.
• The Bank of New York was the first listed company on the NYSE. The NYSE merged with NYSE Group, Inc. and is now publicly traded under the ticker NYX.

NASDAQ

• It was in 1971 that the NASDAQ was created. It was also the first electronic stock exchange that focused on the trading of OTC stocks.
• The NASDAQ merged with the American Stock Exchange in 1998. They have focused on options and derivatives in order to form the NASDAQ-AMEX Market group. On November 7, 2007, it purchased the Philadelphia Stock Exchange for $652 million.

Trivia Info Resource: fxfinpro.com