How do the Curb Exchange and the Stock Exchange differ?

April 24, 2017 | Author: | Posted in Stock Market

The New York Curb Exchange is a market for securities not listed on the New York Stock Exchange. There is no essential difference between the Stock Exchange and the Curb Exchange either in function or in the general nature of the rules and regulations.

The Curb Exchange, however, developed later historically and it is more a primary market, that is, a market where securities of newer companies are listed. In other words, the requirements for listing securities on the Stock Exchange are more strict.

Securities are not listed in the two exchanges simultaneously. Like most of the stock markets of the world, the New York Curb Exchange had its origin out of doors, and it received its name from the fact that from the time of the Civil War until 1921, when a new building was completed, the brokers and their customers met on the street near the curb.

This market was officially known as the Curb Market until 1929, when the name was changed to Curb Exchange.

 

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