IMPACT and Phoenix House Career Academy Clients Tour the New York Stock Exchange

Wednesday, September 14th, 2011

Two young men from the Career Academy learn about how stock is sold from a NYSE trader.

Last week, clients from our Phoenix House Career Academy in Brooklyn and participants in our IMPACT Program had the exciting opportunity to visit the New York Stock Exchange (NYSE), located on Wall Street in the heart of the city’s Financial District. The group was given a special tour by: Steven Wheeler, Director of the NYSE Foundation; Janet McGinness, Senior Vice President and Corporate Secretary of NYSE Euronext and a Phoenix House Board member.

The visit began in one of the oldest parts of the stock exchange building. While Mr. Wheeler recounted the company’s expansion from its humble beginnings as a small group of stock traders, clients were able to see the original signed papers that documented the NYSE’s creation. A particularly touching moment was when Ms. McGinness spoke about the parallels between the recovery process and the NYSE’s need to change and adapt in difficult times. Just as the NYSE has had to adjust to the changing economy, our clients must also look beyond the borders of their communities and create new goals and lifestyles for themselves in order to sustain healthy, productive lives.

The last stop on the tour was a visit to the stock exchange’s enormous trading floor.  Clients spoke with traders from different companies and learned how they utilize advanced computer systems and formulas to make deals—it was especially exciting to see live broadcasts of the trades taking place. The clients’ afternoon ended with front-row seats for the 4PM ringing of the NYSE’s Closing Bell. Visiting the New York Stock Exchange was a once-in-a-lifetime experience for this special Phoenix House group, and it provided them with a wonderful opportunity to learn about the history of our economy—and our country.

Phoenix House clients touring the trading floor at the NYSE.

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