Entry from July 18, 2004
Big Board
The New York Stock Exchange refers to itself as "the Big Board." The name is over 100 years old.
2 November 1897, ChicagoDaily Tribune, pg. 1:
Old Stock Exchange men agree that there never was such a betting day as today on the floor of the "big board."
(The story is filed from New York--ed.)
25 April 1901, New York Times, pg. 13:
It being particularly pointed out that the big board is to be closed, not for any general reason, but for a specific cause, to wit: The moving into new quarters.
4 May 1901, New York Times, pg. 1:
The overwork, the inability to handle many of the small orders, and the delays in sending daily notices to customers and making stock deliveries, which prevail on the Stock Exchange, have become true of the Consolidated Exchange, where the dealing in ten-share, twenty-share, and fifty-share orders entailed fully as much clerical work in the Exchange's Clearing Hous as in the "big board." Many brokers on the "little board" reported an inability to execute the smallest orders with any degree of satisfaction to either broker or customer.
2 November 1897, Chicago
Old Stock Exchange men agree that there never was such a betting day as today on the floor of the "big board."
(The story is filed from New York--ed.)
25 April 1901, New York Times, pg. 13:
It being particularly pointed out that the big board is to be closed, not for any general reason, but for a specific cause, to wit: The moving into new quarters.
4 May 1901, New York Times, pg. 1:
The overwork, the inability to handle many of the small orders, and the delays in sending daily notices to customers and making stock deliveries, which prevail on the Stock Exchange, have become true of the Consolidated Exchange, where the dealing in ten-share, twenty-share, and fifty-share orders entailed fully as much clerical work in the Exchange's Clearing Hous as in the "big board." Many brokers on the "little board" reported an inability to execute the smallest orders with any degree of satisfaction to either broker or customer.