How a Buttonwood Agreement Works.

A buttonwood agreement, also known as the Buttonwood tree agreement, was a formal, written agreement signed by twenty-four New York City stockbrokers and merchants on May 17, 1792, under a buttonwood tree at 68 Wall Street. The agreement, which was the first formal organization of securities trading in the United States, established the New York … Read more

What is certification?

Certification is the procedure by which an authorized body validates certain aspects (quality, fidelity, etc.) of an organization, institution or person. In order to obtain the certification, certain conditions or requirements must be met, which will be evaluated by the corresponding body. It will only be valid if the certifying entity is absolutely independent and … Read more