Wall Street is the office of New York Stock Exchange and known as the financial market in US. It is situated in the lower area in Midtown Manhattan, New York. For many years, this building remained headquarter of many financial institutions are brokers but many of them moved to their own office in other states.
The name of Wall Street was taken from the Wall that serves as boundary for the Dutch settlement in Manhattan in the 1600s. Wall Street enjoyed a peak time during 1800s to 1900s but after the 9/11 (September 2001) attacks, many of the financial institutes and brokerage houses moved to other parts of the city. Locals know Wall Street as the “House of Morgan” because the largest bank in Wall Street belongs to the JP Morgan.
New York Stock Exchange
With capital around $ 20 trillion dollars, NY Stock Exchange is the world’s biggest stock exchange market. In 1792, 24 brokers and bankers who signed an agreement named as Buttonwood Agreement suggested New York Stock Exchange. It is named on a buttonwood tree that is located near Wall Street. The agreement consisted of buy and sell systems of the stock exchange company which later became the New York Stock Exchange.
The plan to acquire Archipelago was declared on 21st April 2005. The purpose of this acquisition was to make NYSE a public trading company. NYSE changed its name to NYSE Group on March 8, 2006. The group joined European combined stock market (Euronext) after one year. So, the name of NYSE again changed from NYSE Group to NYSE Euronext. The Chief Executive Officer (CEO) of New York Stock Exchange is Marsh Carter.
Visiting Wall Street and the NYSE
Though visitors are not allowed to enter the NYSE trade ground, they can explore the exteriors of the building and the facilities available. The inexpensive way of accessing the NYSE is through bus and subway but you can also take a taxi if in hurry. The rule –not to enter the NYSE trade ground- was decreed after the 9/11 attack.
The Federal Hall National Memorial, which is located in the financial district, is the first capital of US and also President George Washington held the inauguration ceremony here. You will also come across South Street Seaport located at the end of Wall Street. It is a great place for shopping and dining.
Wall Street and NYSE is one of the “do-visit” places in New York and if you are planning to spend some days in NY, you should visit there too. There are more than 3000 companies listed at NYSE. Ranked in top 10 most visited places in New York, NYSE has a visitor-base of over seven hundred thousand people every year. Guided tours are also available for visitors. To know more about the guided tours, please contact NYSE Information Cell.
You might also want to learn about Visit New York United Nations Headquarters and Visit New York Wall Street & Stock Exchange