“Never lose money”
“Never lose money”
Stock Exchange
“Stock exchange is a market for the
purchase and sale of issued stock and shares"
A stock exchange is a highly organized market where
securities are purchased and sold. Dealings in securities are made in a
systematic manner for investment and speculation. Securities refer to shares,
debentures and government bonds. The board of directors consisting of certain
members who may be brokers, floor-traders and specialists manages the stock
exchange. The management is responsible for manages the stock settlement of
disputes among the members, admission of new members and expulsion of members
on account of misconduct.
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History
Historical evidences reveal that is the 11 century Muslim and
Jewish Merchants in Cairo had a trader association and their own methods of
credit and payment. This is believed to be beginning of stock market. In the 12
century, France courtiers de change managed and regulated the debts of
agricultural communities on behalf of the banks. Since these men traded with
debts, they were also known as “brokers”. Venetian bankers traded in government
securities in the 13 century. In the 14 century, the Dutch started joint stock
companies, which encouraged the shareholders to invest in business ventures. In
1602, Dutch East India Company established Stock Exchange and it was company to
issue stocks and bonds. The Dutch pioneered in “option trading”,
‘short-selling”, “debt-equity swaps” and in other speculative financial
instruments. There are now stock markets in virtually every developed and
developing economy with the world largest markets being in United States,
United Kingdom, Japan, India, Pakistan, China, Canada, Germany, France, South
Korea and Netherlands.
“Stock exchanges
are market places where securities that have been listed thereon may be bought
and sold for either investment or speculation”
Represented
By
By
Seerat Francis
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