Buttonwood Agreement

In 1790, the nation’s first Secretary of the Treasury, Alexander Hamilton, issued $80 million in bonds to pay for the Revolutionary War. On May 17, 1792 a group of twenty-four merchants and brokers gathered under a buttonwood tree at 68 Wall Street in lower Manhattan, New York City, and agreed to trade the securities. The …

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Dark Pools

A method through which which large Wall Street brokerage houses make secret deals away from the markets, in order to make trades that will not affect the price of large blocks of stock.