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Mar 20, 2020

[Answer] What's the highest price paid for a seat on the New York Stock Exchange?

Step 1 : Introduction to the question "What's the highest price paid for a seat on the New York Stock Exchange?"



...Holding a seat on the New York Stock Exchange means you have access to the market's trading facilities. In the early years of the NYSE, members sat in the hall in assigned seats. The daily roll call of stocks took place here. After the Civil War, the Exchange replaced calls of stocks at certain times with a system of continuous trading. This simultaneous trading meant all listed stocks were open to trade on the large, open trading floor. In 1871, the 'seat' became symbolic, in that owning or leasing a seat gave qualified and licensed professionals access to buy and sell securities on the Exchange floor. Source: StockExchangeSecrets.com




Step 2 : Answer to the question "What's the highest price paid for a seat on the New York Stock Exchange?"



$4 million:


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