Stock Market History
A place where company
stocks and other securities are
trades is a stock exchange. Less and less trading is linked to such a
physical place nowadays. Speed and low cost of transactions are
advantages or modern markets being electronic networks. One of the most
important components of a stock market is a stock exchange.
Men who managed debts of agricultural communities on behalf of banks,
are considered to be the first �brokers� which are mentioned in the
history in the 11th century France. They could be called the first
brokers, because in some cases they also traded in debts.
In Bruges (�Bruges Bourse�), in the late 13th century Van der Burse
started to gather the commodity traders. �Bourses�, in Ghent and
Amsterdam were opening since, this idea became very popular and
therefore spread around the neighbor countries.
In the middle of the 13th Century in Venetia, first time bankers started
to trade in the government securities. People in Pisa, Verona, Genoa and
Florence also began trading in government securities later in the 14th
Century.
In 1602 the first shares on the Amsterdam Stock Exchange were issued by
the Dutch East India Company. This was the first company to issue stocks
and bonds.
The stock trading was opened and called the London Stock Exchange in
1688 London.
Outside of 68 Wall Street in New York under a buttonwood tree on May 17,
1792, twenty-four stock brokers singed the Buttonwood Agreement. They
were renamed into �New York Stock & Exchange Board�, on March 8, 1817.
Exchanges (generally knows as futures exchanges) were established to
trade futures contracts and later
options contracts in the 19th century.
There are a large number of stock exchanges in the world at the current
moment. Below is a list of 20 of the world biggest stock exchanges,
which are sorted by market capitalization:
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NYSE -
The New York Stock Exchange (NYSE) is the largest stock exchange in the
world by dollar volume. NYSE is nicknamed the "Big Board", and is a New
York City-based stock exchange.
-
Tokyo Stock Exchange - The Tokyo Stock Exchange (TSE), is the second
largest stock exchange market in the world by monetary volume. The TSE is
located in Tokyo, Japan.
-
NASDAQ - The NASDAQ
(acronym for National Association of Securities Dealers Automated Quotations
system) is an American stock market. It was founded in 1971. NASDAQ is
the largest electronic screen-based equity securities market in the United
States.
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London Stock Exchange
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Hong Kong Stock Exchange
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Toronto Stock Exchange
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Frankfurt Stock Exchange
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Shanghai Stock Exchange
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Madrid Stock Exchange Australian Securities Exchange
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Australian Securities Exchange
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Swiss Exchange
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Nordic Stock Exchange Group OMX
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Milan Stock Exchange
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Bombay Stock Exchange
-
Korea Exchange
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S�o Paulo Stock Exchange
-
National Stock Exchange of India
-
Moscow Interbank Currency Exchange
-
Johannesburg Securities Exchange
-
Taiwan Stock Exchange
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