IT’S JUST A FACT: Last year, only five out of every hundred trades made on the New York Stock Exchange actually happened in downtown New York City, on the floor of the NYSE, right on the corner of Wall Street near State. Gone are the days when the NYSE necessitated brokerages “clustered around” Wall Street in order to hand-deliver paper copies of stocks every week. Most of the action now takes place not just outside of the exchange but often nowhere near the Financial District. Could be in Midtown Manhattan, or Midtown Dhaka, but location really isn’t the factor it used to be in making money move.
Yet, with its cobbled, narrow streets, suited workers bustling around and Gilded Age architecture, Wall Street looks like more of an old studio backlot take on New York City than what the city actually looks like these days. In other words, Wall Street is a perfect set, for anyone looking to make a scene. Which might have something to do with why the recent protesters chose it. Read More