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Friday, August 19, 2011

NY Curb Market

de bene esse: literally, of well-being, morally acceptable but subject to future validation or exception

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Did you know that the New York Curb Market, located in a section of the old Stock Exchange building was establised in the mid-nineteenth century to trade stocks that fell below the standards of the New York Stock Exchange, it was a haven for shady characters who actually operated on the street, trading was a cacophony of yelling voices through windows onto the street and back.

In 1910 the informal Curb Association determined to weed out crooked players and move operations indoors.  In 1931 the building at 86 Trinity Place was rebuilt and in 1953 the operation was renamed the American Stock Exchange.

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