Which U.S. stock exchange was founded in 1792 after the Buttonwood Agreement?

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The New York Stock Exchange was founded in 1792 after the Buttonwood Agreement.

On May 17, 1792, 24 brokers signed the Buttonwood Agreement in New York. They agreed to trade securities with one another under preferred terms and to avoid dealing with outside auctioneers. The agreement is regarded as the foundation of the organization that became the New York Stock Exchange.

The exchange did not begin as a modern electronic market. It developed through changing meeting places, formal rules, listed securities, and eventually a trading floor at 11 Wall Street. Its history is closely connected with later U.S. market booms and crashes.

The Buttonwood Agreement predates famous crashes such as the Panic of 1907, the 1929 crash, and Black Monday in 1987. Nasdaq is a separate exchange founded much later, in 1971, so it is not the institution created by the 1792 agreement.

Source: Wikipedia · fact-checked Oct. 2026

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