ENDING A NYSE TRADITION: THE 1975 UNRAVELING OF BROKERS’ FIXED COMMISSIONS AND ITS LONG TERM IMPACT ON FINANCIAL ADVERTISING
On May 1, 1975 (“Mayday”), the New York Stock Exchange jettisoned its 183 year old tradition of fixed rate broker commissions in favor of competitive, negotiated rates. While many events, institutions, and individuals helped inspire this controversial policy change, this paper focuses on the pivota...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Economic & Business History Society
2007-06-01
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| Series: | Essays in Economic and Business History |
| Online Access: | http://ebhsoc.org/journal/index.php/ebhs/article/view/173 |