Close
Log in
Please enter your login details

Skip to main content

Breaking News
  • Britain describes Argentina’s Falklands Island banknote as a “stunt”
  • Britain’s UKIP Party promises to return immigration to normal levels but has no plans to cap numbers
  • US Justice Department says Ferguson police officers routinely engaged in racially-biased acts (Reuters)
  • Australian drug smugglers moved to island in preparation for execution by firing squad in Indonesia
  • Russia says several suspects have been identified in the investigation into the murder of Boris Nemtsov
Facebook Twitter Google+ Reddit

May 17, 1792. A group of 24 stock brokers create what would become the New York Stock Exchange. They signed the Buttonwood Agreement under a buttonwood (American Sycamore) tree outside 68 Wall Street, New York (see picture). Under the two terms of the deal, the brokers agree to trade only with each other and for a commission of 0.25 percent. The first offices were a room rented for $200 per month at 40 Wall Street and the first listed company was the Bank of New York. Today, the NYSE is the world’s largest stock exchange thanks to a market capitalisation worth more than 13 trillion dollars.

Also on May 17: Norway’s first constitution is signed (1814); Jacques Chirac becomes French president (1995); the World Health Organisation removes homosexuality from its list of psychiatric diseases (1990).

Born on May 17: Edward Jenner (1749), Dennis Hopper (1936), Sugar Ray Leonard (1956)

Copyright © 2015 euronews

More about: