Definition of Wall Street
What is Wall Street
Wall Street is the home of the New York Stock Exchange (NYSE). It was also the historic headquarters of some of the largest United States brokerages and investment banks, many of which having moved to other locations in New York City but still maintain a strong connection to Wall Street.
Where is Wall Street
In the heart of the Financial District, Wall Street is an 8-block long street that extends southeast from Broadway, in front of Trinity Church, to South Street and the East River. It is only a few streets away from the Federal Reserve Bank of New York.
The Buttonwood Agreement
In 1792, traders formalized their trading activities under the Buttonwood Agreement. The agreement was signed by 24 local stockbrokers on Wall Street and under a buttonwood tree where the traders and investors would meet to trade securities.
The Buttonwood Agreement, which established the rules and commission structure for trading, became the origin of the New York Stock Exchange.
GlobEx Markets Financial Dictionary of Terms, Phrases and Concepts
The GlobEx Markets financial dictionary is a reference resource that provides the definitions and explanations of various financial terms, phrases and concepts that are used in international finance and global investing. It includes a broad range of financial terms, such as those related to stocks, bonds, currencies, commodities, options, futures, crypto and much more.
A financial dictionary can be useful for anyone who wants to learn more about finance and investing, or who works in the financial industry. It can help clarify the meaning of technical terms and the language used in financial publications, reports and other sources.
Benefits of the GlobEx Markets Financial Dictionary
There are several benefits to using the GlobEx Markets financial dictionary, including:
- Clarifying Technical Terminology: The financial world is filled with complex terms and language that can be confusing to those who are not familiar with it. A financial dictionary can help clarify the meaning of technical terms and make them more understandable.
- Improving Financial Literacy: By learning the meaning of financial terms, phrases and concepts, you can improve your overall financial literacy and gain a better understanding of the workings of the financial world.
- Enhancing Communication: A financial dictionary can help improve communication among financial professionals by ensuring that everyone is using the same terminology, phrases and concepts.
- Supporting Research: When conducting financial research or analysis, a financial dictionary can be a valuable resource for identifying and understanding key terms, phrases and concepts.
- Facilitating Decision-Making: Understanding financial terms, phrases and concepts can help you make better-informed financial decisions, whether you are managing your own finances or making decisions on behalf of an organization.
Overall, the GlobEx Markets financial dictionary can help improve your understanding of international finance and global investing. It is a valuable tool for anyone who works in the financial industry or who wants to improve their financial literacy.