Diversified Investment Associates

Posted onFebruary 10, 2012 - 6:05 am by Admin | 0 Comments

The first known stock certificate was issued in 1606 in Holland. It was for shares in a company that traded spices and other goods from India. Like modern stock, it represented a share of ownership in a company. Today, there is an average of 1.46 billion stock shares traded per day, worth approximately 46.1 billion dollars; each of them still representing a small ownership in a large company.

The Basics of the Stock Market

There are three primary exchanges in the United States:

The NYSE: The New York Stock Exchange. Located in a building at 40 Wall Street in New York City, this is the original American Exchange. It started in the 1700s on the corner of Wall and Broad Streets. This informal market started out as a group of people meeting on an open street corner. In 1792 the Buttonwood agreement was signed, bringing to life the New York Stock and Securities Board which later became the NYSE. In 1817, it moved into a small rented room which has later become the modern stock exchange building. To trade, an investor would be required to purchase a seat on the exchange. If an investor did not have a seat on the exchange, someone who did would trade for the investor. Thus, the stockbroker was born.


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