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Buttonwood Agreement

   Also found in: Wikipedia 0.03 sec.
Buttonwood Agreement
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 as the Wall Street meeting place for members of the group.


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The Buttonwood Agreement was the historic pact that around twenty four brokers and merchants signed agreeing to trade securities for commission.
We need to be particularly careful, however, not to unintentionally and unnecessarily undermine sources of the extraordinary franchise values that have been built in to our equity markets, a process beginning with the Buttonwood Agreement of 1792, which founded what became the New York Stock Exchange.
Exhibit will feature the original Buttonwood Agreement from 1792 NEW YORK -- On Thursday, November 20, the Museum of American Finance will open "Trading on the Street," an exhibit tracing the history of trading on Wall Street from the signing of the Buttonwood Agreement in 1792 to the increasing computerization of trading today.
 
 
 
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