Exchange Place

Broad Street and Exchange Place, circa 1920

Broad Street and Exchange Place, circa 1920

In this black and white photo, a messenger on the rooftop overlooks the curbmarket activity in Broad Street. This market handled stocks of companies too small to be listed on the New York Stock Exchange, and eventually grew up to be the American Stock Exchange. At the time of this photo, they were known at the New York Curb Market, and shortly after this photo was taken, they moved indoors to a site on Greenwich Street.

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Curb Exchange, 1915

Curb Exchange, 1915

A boy in a window on Broad Street signals between a broker on the street and the office.  Curb exchanges catered to the needs of companies too small to be listed on the New York Stock Exchange.  Such alternative exchanges eventually grew up to be organizations like the AMEX and NASDAQ.

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