Exchange Place, also known as Exchange Alley, and Exchange Passage, is a pedestrian zone that was created in 1831 originally as a small street in the French Quarter of New Orleans, Louisiana. Hence, its original name was Passage de la Bourse, or Exchange Passage. The street was commissioned by the banker and merchant Samuel Jarvis Peters, who thought to build an exchange closer to Canal Street. It was built in coherence with the Merchants' Exchange Building on Royal Street as it acted as a back entrance. The street has been a hidden alleyway to many shops and restaurants over the years.