The History Of The New York Stock Exchange
While there are a number of stock exchanges in operation, there is no doubt that the New York Stock Exchange is dominant. On March 8, 1817, the first formal constitution of the New York Stock and Exchange Board, as it was then known, was adopted.
A member of the New York Stock Exchange may be a partner or holder of voting stock in one of the brokerage concerns, which, by virtue of his Exchange membership, is known as a member firm or member corporation. From the founding of the Exchange in 1792 until May, 1953, member organizations were limited to partnerships. Many firms have more than one member.
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