The festivities took place at Le Cirque according to Page Six. The Blackstone Group CEO was with his Mrs, Christine. Naturally, stone crabs, Steve's faves, were on the menu....
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On May 17, 1792, 24 traders convened under a buttonwood tree at 68 Wall Street to negotiate how the exchange would work. It resulted in the famous "Buttonwood Agreement", a two sentence contract:
We the Subscribers, Brokers for the Purchase and Sale of Public Stock, do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day for any person whatsoever, any kind of Public Stock, at a less rate than one quarter per cent Commission on the Specie value and that we will give a preference to each other in our Negotiations. In Testimony whereof we have set our hands this 17th day of May at New York. 1792.
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CNBC mentioned that today is the NYSE's birthday. On May 17, 1792, 24 traders convened under a buttonwood tree at 68 Wall Street to negotiate how the exchange would work. It resulted in the famous "Buttonwood Agreement", a two sentence contract:
We the Subscribers, Brokers for the Purchase and Sale of Public Stock, do hereby solemnly promise and pledge ourselves to each other, that we will not buy or sell from this day for any person whatsoever, any kind of Public Stock, at a less rate than one quarter per cent Commission on the Specie value and that we will give a preference to each other in our Negotiations. In Testimony whereof we have set our hands this 17th day of May at New York. 1792.
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