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Timeline 1790-Today click images below to read highlights It all started with the Buttonwood Agreement in 1792. Follow this timeline to discover some of the highlights—and lowlights—that shaped our modern-day capital markets.       1792 The Buttonwood Agreement is made, establishing an exclusionary trading organization. Twenty-four brokers who had been transacting business under the famous Buttonwood Tree outside of 68 Wall Street band together to form what will eventually become The New York Stock Exchange. 1829 Trading volume reaches 50,000 shares a day. 1867 Edward Calahan invents the stock ticker—a timely and effective means to display current market prices. Companies are represented, as they continue to be today, by symbols based on Morse code. 1871 Continuous trading replaces the old roll call system, which gave investors just two chances to trade during the day (one in the morning and one in the afternoon). Brokers are positioned by company in fixed places, laying the foundation for modern-day trading specialists and trading posts. 1882 Charles Dow and Edward Jones start Dow Jones & Company, and create the first index, the Dow Jones Industrial Average (DJIA), to measure the activity of the New York Stock Exchange. Western Union, Pacific Mail Steamship and nine railroads are the first companies listed. |
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