Apparently you can't be a 1900s curb trader without one of these:pic.twitter.com/NvsuscUgKv
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Before there were trading floors, there were curb markets - people congregating in the middle of the street to trade stocks. This photo from 1902 shows the most popular curb market meeting on Broad Street. The NYSE is being built in the background:pic.twitter.com/eP2yP4rxCb
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The Curb market continued for years after the establishment of the NYSE, I believe, where trading of stocks that didn’t meet their listing standards could be exchanged.
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Adds a new depth to the term "insider" & "outsider". literally, INSIDE the building
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The informal name of the Amex was the curb market
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Folklore is the Curb Exchange began when Buttonwood Agreement traders moved inside leaving other outside, but it actually sprang up after the Civil War & was formalized in the early 1900s. The image shows the current
@NYSE building construction that replaced the 1865 building -
Thanks for the added context!
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