05 — 1792: WALL STREET BEGINS TO TAKE SHAPE

On May 17, 1792, 24 stockbrokers signed the famous Buttonwood Agreement in New York.

This agreement established rules for trading among the brokers and is recognized as the origin of the New York Stock Exchange.

Dfinance Logic

This shows another important evolution:

Trading became less dependent on random negotiation.

The market started developing:

Rules → Participants → Prices → Transactions

That is an important lesson for every beginner.

A professional market needs a system.