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Birnbaum, Robert
Search Results - Birnbaum, Robert
Robert J. Birnbaum
Robert Jack Birnbaum
(September 3, 1927 – December 23, 2021) was an American financial executive who served as president of the
American Stock Exchange
and president of the
New York Stock Exchange
. He was the president of the NYSE during the
Stock market crash of 1987
, dubbed
Black Monday.
He contributed to the adoption of changes in the exchange's operations after the event, including
circuit breakers
as trade curbing mechanisms during periods of intense volatility. Birnbaum had earlier worked for the
Securities Exchange Commission
, where his studies recommended the introduction of the forerunner of the modern
National Market System
in securities trading.
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Birnbaum, Robert
Published 1988
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