Take a closer look at the Global Era topics of Finance and Discount Retail.
Grade Range: K-12
Resource Type(s): Artifacts
Date Posted: 4/4/2016
This is a trading post booth number 13 from the New York Stock Exchange built in 1930. Trading was conducted in front of posts connected to the stock ticker by pneumatic tubes. Floor brokers buy and sell shares, attempting to get their customers the best price. Each stock is represented by a specialist who facilitates deals between brokers attempting to buy and those attempting to sell. The trading posts are where the specialists are located, where they serve as auctioneers for the sale, while clerks wait at the trading post until deals are completed and trades are reported.