History of the Stock Market
The world history of the stock market will tell you how trading first developed. Here's a recap of important events:
The history of the stock market is believed to date back to the 11th century. During this time, trade associations were set up by Jewish and Muslim merchants. Credit and payment methods were developed by these merchants to conduct systematised business. This was important to the history of the stock market, since it led to further developments in financing and marketing of stocks. The first institutional trading association was established in Bruges, Belgium in 1309. From the 13th to the 16th century, Europeans refined the buying and selling of securities. Established in 1602, the Amsterdam Stock Exchange was the first established in the history of the stock market. The first company to market stocks and bonds was the Dutch East India Company.
History of the Stock Market in Australia
The history of the stock market in Australia began in the latter half of the 1800s. In the period between 1860 and 1890, six different stock exchanges were established in Adelaide, Brisbane, Hobart, Melbourne, Perth and Sydney. The first conference in the history of the stock market in Australia took place in Melbourne. 1937 was pivotal in the history of the stock market in Australia. This is when the Australian Associated Stock Exchanges (AASE) was established. The AASE is responsible for the rules and regulations that preside over the Australian stock market.
Important Dates in the History of the Stock Market in Australia
1980 marked the year in the history of the stock market of Australia when the Australian Stock Exchange replaced the Sydney and Melbourne stock exchanges. Other important times in the history of the stock market of Australia include 1987, when the various stock exchanges merged into the Australian Stock Exchange. In 2006, the Sydney Futures Exchange merged with the Australian Stock Exchange, forming the Australian Securities Exchange (ASX). Another important event in the history of the stock market in Australia was the establishment of an all-electronic system in 1987, called SEATS (Stock Exchange Automated Trading System). This system was replaced in 2006 by a more efficient system called the Integrated Trading System (ITS).
