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The new nation's first securities were bonds authorized by the
first Congress in 1790. They were traded under a buttonwood tree
at what is now 68 Wall Street. The New York Stock Exchange traces
its beginnings to those early al fresco stockbrokers.
Its headquarters today is this roman-like temple of finance by
George B. Post which dates to 1903. The pediment has an interesting
title: "Integrity Protecting the Works of Man."
Though the building is nearly a century old and its style centuries
older, the trading done inside is state-of-the-art electronic: computers
have replaced voice and gesture trading.
Ironically, behind the architecturally state-of-the-art Mercantile
Exchange in nearby Battery Park City, the trading is manual and
noisily vocal. You'll visit that exchange at the end of this tour.
As for the New York Stock Exchange, it is bursting at the seams
and seeks more adjacent space or a new site. New York City is determined
to keep it in the Wall Street area.
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