An agreement signed in 1792 between twenty-four stockbrokers that effectively created the New York Stock Exchange. The terms of the agreement indicated that stockbrokers were to only deal with each other (no auctioneers), and that they would use a set commission rate of 0.25%. The agreement was so named because it was signed under a buttonwood tree outside of 86 Wall Street.
Related information about Buttonwood agreement:
- Buttonwood Agreement - Wikipedia, the free encyclopedia
The Buttonwood Agreement, which took place on May 17, 1792, started the New York Stock & Exchange Board now called the New York Stock Exchange.
- What is Buttonwood agreement? definition and meaning
Definition of Buttonwood agreement: An agreement signed in 1792 between twenty-four stockbrokers that effectively created the New York Stock Exchange.
- History of the NYSE
History of the New York Stock Exchange. The New York Stock Exchange began over two hundred years ago when, faced with cut rate competition from a group ...
- Buttonwood Agreement
Buttonwood Agreement - New York Stock Exchange founding document.
- Buttonwood Agreement: Definition from Answers.com
Buttonwood Agreement The agreement between 24 of United States' first and most prominent brokers. Rumored to have occurred under a 'buttonwood' tree, ...
- History of the NY Stock Exchange: (Business Reference Services ...
The history of the New York Stock Exchange External Link begins with the signing of the Buttonwood Agreement by twenty-four New York City stockbrokers and ...
- Buttonwood Agreement - Financial Dictionary - The Free Dictionary
A historical 1792 agreement among 24 New York brokers to band together into an investment group. The name stemmed from the buttonwood tree that served ...
- Buttonwood Agreement Definition | Investopedia
The agreement between 24 of United States' first and most prominent brokers. Rumored to have occurred under a "buttonwood" tree, this marked the beginnings ...