Where Was the First Stock Exchange Founded?
Where Was the First Stock Exchange Founded?
When we hear the word stock exchange, we all think of the place where stocks traded on today's stock market are bought and sold. However, when we look at the history of the stock exchange, we see that it actually started in markets and fairs where valuable metals and agricultural products were bought and sold, and where brokers brought buyers and sellers together. Seeing the profitability of the buying and selling business conducted in markets and fairs, merchants gradually developed the stock market and created platforms where, in addition to valuable metals, company stocks were bought and sold.
When Did the First Stock Trading Begin?
It is known that buying and selling transactions were carried out in markets and fairs in various parts of Europe. However, the first stock exchange is generally accepted to have been founded in 1487 in the city of Antwerp, Belgium, in Europe. In the 16th century, the Amsterdam Stock Exchange, founded at that time, took its place. Later, stock exchanges were established one after another in various places, especially in France.
When Was the Stock Exchange Founded in Our Country?
The London Stock Exchange, thought to have been founded at the end of the 16th century, is known to have mediated the paid buying and selling of securities in 1770. Due to this paid mediation, the London Stock Exchange is described by some historians as the first stock exchange founded in history. Some historians state that securities were bought and sold in a inn named 'borsa' in Belgium, which had three money bags on its banner, and that the name 'borsa' came from the name of this inn. The London Stock Exchange was founded in England in the early 19th century. However, its legal establishment date is accepted as 1875. In 1945, a council was formed to supervise this stock exchange. Also, in the 19th century, the stock exchanges of Rome, Tokyo, Istanbul, Brussels, and Milan were opened. Due to the need for borrowing that emerged in the late Ottoman Empire, it began to issue domestic debt bonds. Later, an association was established for the buying and selling of these bonds. This association actually carried out stock exchange transactions in a way. Later, the Istanbul Bank was founded, laying the foundations of the Ottoman Empire's financial and economic system. The first official stock exchange in Turkey is the Dersaadet Securities Exchange, founded in Istanbul in 1866. In the Republican era, stock exchange activities were regulated by the Stock Exchange Law enacted in 1929.
