“In 1921 it became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days…” “This was the inspiration behind the establishment of the Stock Exchange Institute.
Through Institute classes and lectures in New York, and through Correspondence Courses available to those at a distance, instruction is furnished in all important phases of the security business.
Through these facilities, any young man or woman may, while working, obtain an education in finance and allied subjects.” In 1924, 205 graduated from the New York Stock Exchange Institute.
The following year, the institute introduced the “Mock Market”, a trading simulation on the floor of the NYSE after hours becoming an integral part of the one-year training program for new employees of the exchange.
[2] The New York Institute of Finance works with several associations and organizations to complement their educational programs including: