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The Memphis Cotton Exchange is located in downtown Memphis, Tennessee, USA, on the corner of Front Street and Union Avenue. It was founded in 1874 as a result of the growing cotton market in Memphis. Cotton merchants of the time became aware of the need for a trade organization to regulate cotton marketing in the city. They were also aware of the many benefits reaped by the New York Cotton Exchange and the New Orleans Cotton Exchange. Once established, the exchange produced rules and regulation on cotton trading and set standards for buying and pricing cotton in Memphis and the Mid-South.[1] Cotton trading was done on the first floor and only members of the exchange were allowed to trade there. In 1978 the trading floor was closed in favor of computer trading. The historic floor has since then been remodeled and is now home to The Cotton Museum and is used to educate the public about the industry and agriculture of cotton that helped build the city of Memphis in its early years.[2] [edit] Presidents of the Memphis Cotton Exchange
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