I am looking for information on the history of stock trading in North
America - related only to what are now the TSX and NYSE. I am not
looking for company names that trade or financial
information related to trading. For example, what was the practice
before stock exchanges were created? When were exchanges established and
how did stocks trade? What were they called and what were the new
names over time (e.g. Toronto Stock Exchange and New York Stock
exchange?) What were the manual processes for agreeing on a price, how
did the transaction get recorded, how long did the seller have to
deliver the security and the buyer to pay for it? How many different
steps were there to process a trade? What was considered good legal
tender? How did trading evolve to the way stocks are traded today? I
think they started with "curb trading" on the street corners but I am
not sure. Are there films, pictures, cartoons etc. that document this?
Any sources you can provide or direct me to e.g. internet links,
archives, etc., is useful. Are there costs associated with this
information and if so what are they? I need this information with three weeks. |
Clarification of Question by
sionnan-ga
on
26 Feb 2005 09:00 PST
I do not need the specific history of the TSX.
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Clarification of Question by
sionnan-ga
on
26 Feb 2005 09:28 PST
Do not provide specifics on the NYSE history, I got that. I am mainly
fucussed on trading practices as they moved from manual to electronic.
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Request for Question Clarification by
easterangel-ga
on
27 Feb 2005 05:24 PST
Hi!
In your example question... "For example, what was the practice before
stock exchanges were created? When were exchanges established and how
did stocks trade? What were they called and what were the new names
over time (e.g. Toronto Stock Exchange and New York Stock exchange?)".
So does the essence of your question means that you just really want a
history of the stock exchange without regard for any exchange? Or do
you want it related to these two exchanges.
If I can find out the general history of the workings of the early
stock exchanges in the US, will that be ok? Or you would want in
Canada as well? (It seems that sources for Canada's stock exchanges
are not available in detail on the web).
What if there is a history of the earliest forms of stock exchanges
that is not in the US but in another continent like Europe? Will that
be ok as well?
Thanks!
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Request for Question Clarification by
easterangel-ga
on
27 Feb 2005 05:30 PST
Plus you seem to have posted a great number of questions and it is
highly unlikely that all will be answered.
Would a discussion solely focused on the origins of the stock market
be enough even without answering directly the questions above?
Thansk!
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Clarification of Question by
sionnan-ga
on
27 Feb 2005 05:36 PST
I am looking specifically for the process brokers used to trade
securities. E.g they agreed upon a price using opn outcry. What were
all the stages for writing up the agreements *trade tickets) and how
did each back office process this trde. How many clerks, how many
different departments, what did they do, how did they process errors
and exceptions, etc. Are there examples of trade tickets used years
ago in archives etc. It is the clearing and settlemetn stage of the
history of trading I am interedted in. Does this help?
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Request for Question Clarification by
easterangel-ga
on
27 Feb 2005 07:17 PST
I still haven't found any reliable information at the moment so I am
opening this question to other researchers.
Thanks!
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