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This authentic buy & sell order trade ticket from Bear Wagner Specialists LLC is straight from the the NYSE trading floor. These were the slips floor brokers and trading specialists used to use to place orders on the New York Stock Exchange.
Bear Wagner Specialist was a subsidiary of the infamous firm Bear Stearns and major player on Wall Street. These trading slips are a fantastic and rare piece Wall Street history and symbolic of the 2008 Financial Crisis. The trade slip features the Bear Wagner Specialist LLC name, Broker House number 407, Clearing House Number 1418 and post numbers 18, 19 and 20.
This Bear Wagner Specialists Floor Trading Slip is presented in a gorgeous high quality clear acrylic display that weights over 1.5 lbs. Magnetically held together, the display is easy to open if want to inspect your trade tickets. Perfect for a desktop or bookshelf display.
About Bear Wagner Specialists LLC
Bear Wagner Specialists was a subsidiary of Bear Stearns formed in 1987 and was a leading specialist and market maker firm on the NYSE. It was named Bear Wagner after the purchase of Wagner Scott Mercator LLC by Bear Stearns in 2001. At the time, Wagner was the 5th largest specialist firm on the NYSE. Bear Wagner was considered one of the best and largest specialist firms on the Exchange representing around 400 publicly traded companies at the time. This represent almost 20% of the share volume traded on the NYSE.
In 2009, Barclays acquired Bear Wagner Specialist LLC from JPMorgan Chase (who purchased Bear Stearns during the 2008 Financial Crisis). The purchase created the largest designated market maker on the NYSE representing over 850 listed companies and around 28% of the Exchange's average daily volume. Oddly enough, this merger brought together the specialist businesses of Bear Stearns and Lehman Brothers after Barclays purchased those assets as well.
Fantastic piece of memorabilia from the trading floor.
Bear Stearns & Co
Bear Stearns was a leading U.S. investment bank deeply exposed to mortgage-backed securities and other risky assets. As housing markets soured in 2007, its losses grew and liquidity dried up, triggering a rapid loss of confidence among clients and counterparties. By March 2008 the firm faced a severe funding squeeze, and a full-blown collapse seemed likely. The Federal Reserve and the U.S. government intervened, arranging a sale of Bear Stearns to JPMorgan Chase for a nominal $2 per share with Fed financing to backstop the deal and take on some of its exposure. The episode underscored the systemic risks from highly leveraged, illiquid asset books, spurred investigations into risk management and regulatory oversight, and helped accelerate the broader distress that culminated in the 2008 financial crisis and subsequent reforms.
Bear Wagner Specialists LLC Buy and Sell Trading Tickets Display
- Authentic Trading Slips from the NYSE
- Age: Early 2000s
- Display measures: 8" x 6" x .75"
- Weight; over 1.5 lbs
- Condition: Excellent; ticket as pictured
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