The work of the Stock Exchange

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Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XVI. The administration of the stock exchange

Collection:: Economics Books

452 . THE WORK OF THE STOCK EXCHANGE In addition to these standing committees, the Governing Committee also appoints from its membership special commit- tees, for special purposes outside the particular province of any standing committee. Subsidiary Corporations.—To further its work, the New York Stock Exchange has also several times organized sub- sidiary corporations, all of whose stock is held by the Govern- ing Committee as trustees for the whole membership of the Exchange. The Stock Clearing Corporation, as we have seen,*® super- vises the clearance and settlement of Exchange contracts and otherwise facilitates the transaction of Exchange business. The New York Quotation Company facilitates the collection and dissemination of Exchange quotations. The New York Stock Exchange Building Company holds title to the Exchange’s building and fixtures, and makes repairs, improvements, and extensions thereto. The New York Stock Exchange Safe Deposit Company maintains security deposit vaults for the con- venience of Exchange members. Special Departments.—Many special departments exist in the Stock Exchange organization, all under the general but complete authority of the Governing Committee, but each under the immediate supervision of some particular committee, officer, employee, or subsidiary corporation. The Statistical Department in the office of the Economist, which was inaugu- rated in 1924, is an example. In the Stock Exchange building are also located certain conveniences to its members, officers or employees, such as its medical department, barber shop, etc., and also the quarters of the Stock Exchange Luncheon Club. Employees of the Stock Exchange.—This general account of the human mechanism of the Stock Exchange administra- tion must include mention of its many and various employees. These range from experts of long experience who, under the "3 See Chapter XII.

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