1960 -
1979
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1961
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International Federation of Stock Exchanges
International Federation of Stock Exchanges is organized.
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Exceeds 4 Million
Average daily volume on the NYSE exceeds 4 million shares, nearly triple the level immediately following the war.
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1963
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Kennedy Assassinated
The assassination of President Kennedy on November 22 forces an emergency early closing of the Exchange to avoid panic selling.
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1964
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The 900 Ticker
The black box ticker is replaced by the 900 ticker with nearly twice the speed.
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1966
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Securities Investor Protection Corp.
Congress creates the Securities Investor Protection Corporation, to protect customers of brokerage firms that fail.
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Radio Paging System
The first test of the radio paging system begins. Within a few years it would replace the annunciator boards.
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NYSE Creates Common Stock Index
The NYSE begins a composite index of all listed common stocks. This is referred to as the Common Stock Index and is transmitted daily. The starting point of the index is 50. It is later renamed the NYSE Composite Index®.
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Floor Data Fully Automated
Transmission of trade and quote data from the floor is fully automated on December 20.
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1967
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First Woman Member
Muriel Siebert becomes the first woman member of the Exchange.
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1968
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Central Certificate Service
The Central Certificate Service (CCS) is established to transfer securities electronically, eliminating their physical handling for settlement purposes. CCS is later succeeded by Depository Trust Company.
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Paperwork Crisis
As trading volume surges, member firms struggle to process transactions on time. Member firm back offices work around the clock to keep up. The "paperwork crisis" continues for months, spurring increased automation.
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1970
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First African-American Member
Joseph L. Searles III becomes the first African-American member of the Exchange.
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Public Can Own Member Firms
March 26
Public ownership of member firms is approved for the first time.
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1971
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NYSE Not-for-Profit
The NYSE is incorporated as a not-for-profit corporation.
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First Member Organization Listed
On July 27, the NYSE lists its first member organization, Merrill Lynch & Co., Inc. (NYSE Listed-MER).
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1972
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Securities Industry Automation Corp. Established
The Securities Industry Automation Corporation (SIAC) is organized. The subsidiary company, jointly owned by the NYSE and the American Stock Exchange, provides automation and data processing services.
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NYSE Board of Directors
The NYSE transfers policy-making power to a new 21-member board of directors, including 10 public directors.
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DJIA Closes Over 1,000
Dow Jones Industrial Average closes over 1,000 for the first time.
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Board of Directors
In an important organizational change to strengthen the role of the public, investors and listed companies in NYSE governance, the 33-member Board of Governors is replaced by a 21-member Board of Directors with 10 public members. Concurrently, James J. Needham becomes the first full-time salaried chairman of the Exchange.
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1973
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White Paper on Corporate Disclosure
The NYSE white paper on corporate disclosure recommends a minimum of three outside directors and an audit committee composed solely of public directors.
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Depository Trust Company
Depository Trust Company is established to provide a central depository for securities certificates and electronically record transfers of stock ownership.
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1974
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Trading Hours Extended
Trading hours are extended from 10 a.m. until 4 p.m.
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1975
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Fixed Commissions Abolished
On May 1, the Securities and Exchange Commission bans fixed minimum commission rates, a cornerstone of the US. securities markets and all other organized exchanges throughout the world.
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Full Consolidated Tape Introduced
June 16
NYSE introduces its full consolidated tape.
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1976
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NYSE Launches Designated Order Turnaround
The fully automated Designated Order Turnaround (DOT) system® is introduced to electronically route smaller orders.
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First Non-US Member Joins NYSE
Bruno Des Forges becomes the first non-US member of the Exchange.
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Odd Lot Trades Enabled
May 24
Specialists begin handling odd lots in their stocks. Odd lots are stock transactions that involve less than 100 shares.
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1977
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New Listed Company Requirements
The NYSE requires listed companies to form independent audit committees composed of outside directors.
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Foreign Brokers/ Dealers Welcomed
February 03
The NYSE begins permitting foreign broker/dealers to obtain membership on the floor.
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1978
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ITS
The Intermarket Trading System (ITS) is inaugurated. ITS provides an electronic link between the NYSE and competing exchanges, enabling brokers to access all markets nation- wide to find the best purchase or sale price for a security.
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1979
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Major Upgrade
The Exchange begins a major upgrading and modernization of its trading floor to increase the use of technology.
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New York Futures Exchange
Expanding into futures trading, the NYSE forms the New York Futures Exchange (NYFE).
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