Prerequisites for the appearance stock exchange and the time of its appearance. Development and change in the context of technology development.
Stock Exchange - is an organization that provides an opportunity to trade, like in the market, various financial instruments. Financial instruments can be stocks, bonds and other derivatives from them..
The stock exchange has the main important function required in the modern world. On the stock exchange, as in any market, there are those who want to buy what-then, and those who what-then sells. If speak about stock exchange, then companies and investors exchange capital on it, i.e..е. essentially money.
The emergence of the first exchanges dates back to the Middle Ages, when the corresponding relations between people, companies, and the state arose in Europe.. When some people got capital they didn t need «Here and now», while others needed money. If at first the exchanges satisfied mainly the exchange of capital between people and the state, then large private companies also felt the need for capital..
Stock Exchange at the beginning of its appearance it had a trading floor for trading, however, with the development of technology, the trading system is now essentially conducted in electronic form. It happened in 80-th and 90-years 20 century, when computer technology began to develop more and more and the appearance of stock exchanges began to change. More and more transactions began to be made using electronics, although not everywhere. Some exchanges kept trading «On the floor». Traditional exchanges have already practically become uncompetitive, since they could not provide the same efficiency as exchanges with an electronic trading system, and therefore, subsequently, all exchanges switched to an electronic system for making transactions completely.
Stock exchanges are of two types. These are public and private exchanges. Public exchanges are controlled by government agencies. In some countries, there are only state-controlled exchanges. An example is France.
Thus, the exchange is a necessary, integral part of the economy, ensuring its development in conditions of openness and publicity..
Dollar exchange rate on the stock exchange.
