Stock market of the world

  • The Warsaw Stock Exchange (WSE) is a direct competitor to the Vienna Stock Exchange for the leading position in the Central European region. Like their Austrian counterparts, the Poles boast a long and glorious history of their financial institution. History of the Warsaw Stock Exchange (WSE) Everything started in 1817 with a decree of Russian Grand Duke Konstantin Pavlovich, then ruler of the territory of modern Poland. According to this document, the Warsaw Stock Exchange was established for trading in securities. The institution was constantly moving from one building to another, thus consistently becoming the most popular trading floor in Poland. The number of brokers increased sharply, as did the volume of bond and debenture trading. Closer to...

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  • Created by merging the six exchanges of the green continent, the Australian Securities Exchange (ASX) has since played a leading role in the global stock market, ranking 11th in the list of the world's largest exchanges. The boom of Australian railways and mining industry in the second half of XIX century required the creation of a securities trading market for the fast-growing companies. Fortunately, the country had a great number of immigrants from Great Britain, who were already well acquainted with stock exchange traditions. One after another, trading floors began to be established on the fifth continent: by 1889, there were six major ones, located...

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  • Madrid Stock Exchange

    Because of the constant aggressive policy of the Spanish Empire, most of its public expenditures were directed primarily to finance the army and the navy. Little was allocated for economic development within the country itself, which had some effect on Spain's lagging behind other Western powers. All these factors had a direct impact on the late emergence and formation of the stock market in the Iberian state. Prior to that, Spain had only a culture of fairs, as well as the issuance by the authorities of the so-called "royal rights", which in their mechanism resembled modern government bonds. The Madrid Stock Exchange (Bolsa de Comercio de Madrid) was founded by order of King Fernando VII in 1831. The first issuers to place their...

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  • In this article we bring to your attention a brief review of national stock indices of the leading economies of the world. In the previous article we reviewed the US stock market indices, and now let's go to Europe and Asia! Let's start with good old England. The main stock index of this country is FTSE 100 (full name - Financial Times Share Index). The reference in the name of the index to one of the world's most respected financial publications - the Financial Times - is no accident: it was the Financial Times which in 1935 created the prototype of the FTSE 100 - the FTSE 35. Moreover, even today, the paper's analysts are part of the committee that selects...

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  • The Vienna Stock Exchange (Wiener Borse AG) is one of the oldest stock exchanges in Europe with a rich tradition and centuries of experience. A little history of the Vienna Stock Exchange The year 1771 was the starting point for one of the future leaders in securities trading in Central Europe. The Vienna Stock Exchange was established by order of the Austrian Empress Maria Theresa for the purpose of trading government bonds. Today, Wiener Borse AG is one of the largest and most important stock exchanges in the region, in direct competition with the Warsaw Stock Exchange. In order to gain a dominant position in Central and Eastern Europe, the Austrian management is pursuing a policy of takeover and alliance with other...

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  • The official merger of the Toronto and London Stock Exchanges is just hours away. Let's try to remember the most important milestones in the development of the Canadians, who ranked seventh in the world list of major stock institutions in 2010. The history of the Toronto Stock Exchange - TSE It is believed that the Toronto Stock Exchange has its origins in the local Brokers' Association, whose existence is not documented. However, the standard version says that 24 former representatives of this organization got together on October 25, 1861 and decided to create the stock exchange on this very day. The official recognition of the authorities to their brainchild was given in 1878. The Toronto Stock Exchange consistently, step by step, increased its size and trading volumes...

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  • Let's continue the conversation we started in the last article about the S&P stock indices. The need for such a continuation is obvious - after all, Standard & Poor's calculates not only the S&P 500 index, which we got acquainted with last time. In total, the number of indices that make up the S&P family reaches a hundred. Among them, there are both industry indices that reflect the market dynamics of a single branch of the U.S. economy and composite indices - relating to the entire U.S. economy as a whole. In addition to the S&P 500, these include the S&P 400 and the S&P 100. As you can guess, the numbers in the index name show the number of issuing companies whose stock prices are used as the basis for...

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  • Let's continue our conversation about stock market indices. Today we are going to have another American index - the S&P 500. By the way, it is no less famous than the Dow Jones index, which we already know. Emergence of the S&P 500 Index The S&P index was the second to emerge, in 1917, a year so rich in upheaval for our country. While Russia was going through one revolution after another, analysts at the Standard and Poor's Corporation (hence the S&P acronym) in the United States were thinking of creating an index more accurate than the only Dow Jones index of the time. And they did! Back in 1917, the Dow Jones Industrial Average was based on just 12 stocks (even today it...

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  • PFTS Stock Exchange

    The recent monopolist of the Ukrainian stock market, the First Stock Trading Exchange (PFTS), has been gradually giving up its positions over the last two years, and the expected merger with its main competitor, the Ukrainian Exchange (UX), will soon bring the activity of the unquestionably leading trading floor to a close. PFTS Establishment Registered at the end of 1995 as an association of professional stock market participants in Ukraine, exactly 10 years later the PFTS became a stock exchange in the form of an open joint-stock company. It is worth mentioning that at first the first letter in the name was deciphered as "Pozabirzhova", i.e. "over-the-counter", however, in 1997, without changing the abbreviation itself, it was changed to "first". The creation of PFTS was welcomed by Ukrainian stock market players at that time...

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  • MICEX Stock Exchange

    19 years of Moscow Interbank Currency Exchange (MICEX) activity frankly did not go in vain: it managed not only to catch up and then leave behind the main competitor in the Russian stock market, RTS, but also to finally absorb it. History of MICEX The MICEX was founded on January 9, 1992 on the basis of the currency exchange of the USSR State Bank. Number of trades on the exchange quickly increased from the initial one to five days a week. Operations with US dollar and German mark were launched, and the Central Bank of Russia used MICEX for currency interventions. The first universal advantage of the young exchange was the creation of the market of short-term government bonds. Thus, the MICEX began to...

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  • The Dow Jones Index

    "Why do we need all this? After all, we are not going to work in the stock market, but in the foreign exchange market! That makes sense! But the fact is that the dynamics of the stock market have a significant effect on the foreign exchange market. Stock indices clearly show us the health of the national economy as a whole and its separate branches in particular. For example, if the U.S. economy is growing well and investors around the world rush to buy stocks of U.S. companies and this not only causes the prices of those stocks to go up, but also the value of the U.S. national currency, the dollar. And so keep in mind: when the market lacks its own drivers for movement, it,...

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  • Hong Kong Stock Exchange

    More recently, the Hong Kong Stock Exchange has risen to the forefront of the Asia-Pacific region, leaving its direct competitors from Shanghai and Tokyo scratching their heads pensively. Known for its martial arts schools and enduring British influence, Hong Kong has also produced another famous brainchild: the Hong Kong Exchange. Having appeared around the same time and for similar reasons (rapid development of local industry) as their fellow countrymen from Shanghai, the Southerners, however, followed a different scenario: since legally Hong Kong belonged to Great Britain, it followed the best English economic traditions. Created in 1891, the Hong Kong Brokers' Association became a brand in 1914, changing its name to...

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  • One of the oldest and most distinctive stock exchanges on the planet, the Frankfurt Stock Exchange continues to struggle for a leading position on both the European and global markets. History of the Frankfurt Stock Exchange The year 1585 was a landmark year for the regularly scheduled Frankfurt Fair: merchants from a multitude of trading countries agreed to exchange currencies in order to avoid devaluation. The appearance of this regulator had a very effective impact on the further development of the fair, which already resembled a prototype of the modern stock exchange. Operations with bills of exchange and goods were carried out there in the beginning in the open air, near the city administration building, but soon the merchants moved indoors. For this reason, to collect fees from visitors, an exchange control room appeared...

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  • RTS Stock Exchange

    With almost 17 years of experience in the stock market, the RTS Stock Exchange has achieved both local and international success, rightfully securing its status as one of the leading Russian exchanges. With foreign assistance The origins of the RTS stock exchange go back to 1994. With the support of the U.S. government to develop the Russian stock market infrastructure and the efforts of PAUFOR (Professional Association of Stock Market Participants), the Russian Trading System was created. Initially operating only in Moscow, by 1995 it became nationwide, covering St. Petersburg, Novosibirsk and Yekaterinburg. The exchange platform started working on the software provided by NASDAQ, but by 1998 it had developed its own complex.....

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  • More recently, on February 8 this year, the largest electronic exchange in the world and the U.S. NASDAQ (National Association of Securities Dealers Automated Quotation) celebrated its 40th anniversary. During this miserable term by stock exchange standards (compare only with the New York and London exchanges which passed over two hundred) the impudent and self-confident beginner made a mess of the whole world, having scored in the main competitors of almighty stock exchange NYSE and considerably frayed its nerves. Add Microsoft, Apple, Intel, and Google, all listed on the NASDAQ, and the picture is even more staggering. So what is this, unbelievable luck...

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  • The American Stock Exchange (AMEX) is one of the most popular stock exchanges in the world, which is currently the second largest for the United States. AMEX began its history in the early 20th century, in 1911, when a company of stock traders in New York, who traded on city boulevards and avenues, grew the New York Curb Market Association, which became the ancestor of the modern American Stock Exchange. History of the formation of the American Stock Exchange (AMEX) However, its current name American Stock Exchange (AMEX) was not so long ago - in 1953 and in the following years it was actively changing the image of American stock exchanges, introducing...

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  • The Tokyo Stock Exchange is one of the most popular stock exchanges in the world. TSE was founded in 1878, as the name suggests, is located in Tokyo, Japan. The Tokyo Stock Exchange for traders from Moscow opens first - at 2 am. The selection of stocks on the Tokyo Stock Exchange is enormous - about 2,500 companies are listed on it, including global giants such as Honda, Toyota, Sony, Casio, etc., as well as the largest banks and financial corporations in Japan. On the level of capitalization and profitability Tokyo Stock Exchange is second only to the New York Stock Exchange. Shares of companies traded on the...

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  • Wall Street industry Back in 1700, shortly after the U.S. Declaration of Independence, there were only two types of securities that could be traded. They were government bonds and shares of the Bank of the United States, the first American bank. Market brokers, traders and auctioneers bought and sold stocks and bonds in offices and cafes around Wall Street in southern Manhattan. Without a predetermined trading place and time, sellers and buyers had to look for each other, so it took a long time to sell or buy stocks. That all changed on May 17, 1792, when twenty-four brokers who traded securities on Wall Street...

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  • The Australian Securities Exchange is Australia's main stock exchange. ASX is a public company whose shares are traded on the exchange itself. The main trading floor is located in the "Exchange Centre" building in Sydney, New South Wales. History Beginning in the 1850s, a mass immigration of free people to Australia began, largely due to the discovery of gold and other minerals. The subsequent rapid development of the mining and manufacturing industries created the need for a platform on which the securities of local companies could be traded. Many of the immigrants came from Britain, a country where the tradition of stock trading had been around for more than a hundred years, and for more than 50 years one of the...

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  • Futures market - a market, the subject of which are agreements on the future delivery of some asset - an underlying instrument. As an underlying instrument can be currency and stock values, stock and money market indexes, interest rates and any commodities. The basic functions of the derivatives market are: - it allows the participants of financial markets to coordinate their plans for the future, to insure the price risks; - it provides an opportunity to increase the capital due to high profitability of the market. Market participants Derivative financial instruments In its development, futures market, i.e. derivative financial instruments market, has passed through several stages. At the first stage it was represented by forward contracts, which were concluded by agricultural producers for future crops. The buyers of the contracts advanced a part of their costs....

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