Photo credit: 9/11 Memorial staff
Accession Number: C.2022.134.7
Dimensions: 9.5 in X 5 in
Dimensions (Metric): 24.13 cm X 12.7 cm
Credit Line: Gift of Michael J. Ferraro
Description
New York Board of Trade carbon copy notepad "order book."
Historical Notes
The New York Board of Trade (NYBOT) was founded in 1870 as a commodity futures exchange formed from the merger of the New York Cotton Exchange and the Coffee, Sugar, and Cocoa Exchange. The NYBOT trades in futures and options on currencies, coffee, cotton, orange juice, cocoa, and sugar. The NYBOT was one of the four largest exchanges regulated by the Commodity Futures Trading Commission, an independent regulatory agency created by Congress in 1974. On 9/11, their trading floor was located in the 4 World Trade Center, where they had been located since the Commodity Exchange Center became the building’s first tenant in 1977.
When Flight 11 struck the North Tower at 8:46 a.m., two NYBOT markets had already opened for trading. The NYBOT and its subsidiaries immediately suspended trading, and President Mark Fichtel began to evacuate all staff from their 4 WTC offices. Mere hours after the attacks, the NYBOT began preparations to reopen their markets from a backup facility located in Queens.