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The Chicago Stock Exchange Arch is a piece of historical architecture located in Chicago, Illinois, United States. Installed outside of the Art Institute of Chicago , it is one of the few surviving large-scale fragments from the Chicago Stock Exchange building designed in 1893.
Old Chicago Stock Exchange Building, ca. 1894. The Chicago Stock Exchange was founded in a formal meeting on March 21, 1882. At this time, Charles Henrotin was elected the chairman and president. In April that year, a lease was taken out at 115 Dearborn Street for the location of the exchange and during that year 750 memberships were sold. [3]
The Union Stock Yard Gate is located on Chicago's South Side, on a plaza in the center of Exchange Avenue at its junction with Peoria Street. This position marked the principal eastern entrance to the stock yards, which occupied several hundred acres to the west. It is a limestone construction with a central main arch flanked by two smaller arches.
The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization ...
On May 16, 2009, the Art Institute opened the Modern Wing, the largest expansion in the museum's history. [46] The 264,000-square-foot (24,500 m 2) addition, designed by Renzo Piano, makes the Art Institute the second-largest museum in the US. [2] The architect of record in the City of Chicago for this building was Interactive Design. [47]
The neo-gothic Union Stock Yard Gate (1877) on Exchange Avenue was designated a Chicago Landmark on February 24, 1972, [7] and a National Historic Landmark on May 29, 1981, and is the only remnant of the old stockyards, which largely became business and industrial parks after the closure. [8] [9]
The Adler & Sullivan-designed Chicago Stock Exchange Building (1893–1972) Trading Room was salvaged from demolition and installed in the Columbus Drive Addition in 1977. This building fragment, which includes Louis Sullivan's exquisite stenciling, is described as the "Wailing Wall of Chicago preservationists". [14]
On October 17, 2006, the Chicago Mercantile Exchange announced the purchase of the Chicago Board of Trade for $8 billion in stock, joining the two financial institutions as CME Group, Inc. On July 9, 2007, the announced merger with the Chicago Mercantile Exchange was approved by CBOT shareholders, "creating the largest derivatives market ever." [8]