1959-1968

Citation: A Century of Stock Market Liquidity and Trading Costs, Charles M. Jones, Columbia Business School - Finance and Economics: May 23, 2002

NYSE commissions between March 3, 1959 and December 5, 1968 were set according to the following schedule:

Money Involved                            Minimum commission per 100 shares
$100 to $400                                 $3 + 2% of amount traded (with a $6 minimum)
$400 to $2,400                              $7 + 1% of amount traded
$2,400 to $5,000                          $19 + 0.5% of amount traded
Over $5,000                                  $39 + 0.1% of amount traded

Odd lots of less than 100 shares were subject to a slightly different schedule. Appendix A summarizes the commission schedules in effect since 1925.