Introduction to Trading the Global Markets


Background on the Stock Exchanges

NYSE (New York Stock Exchange)

On May 17th 1792, 24 stockbrokers gathered under a buttonwood tree to sign an agreement that would establish the rules for buying and selling bonds and shares of companies. This would later become what we know today as the New York Stock Exchange.

In April 2006, the NYSE became both electronic and public when it merged with the Archipelago electronic stock exchange. Finally, in 2008, NYSE Euronext welcomed the historic American Stock Exchange (Amex) into the world’s largest and most liquid exchange group. 

NASDAQ (National Association of Securities Dealers Automated Quotation)

The world’s first electronic stock market, NASDAQ, was established in February 1971 and originally stood for National Association of Securities Dealers Automated Quotations. It initially existed as a computer bulletin board system that did not yet connect buyers and sellers. Today, it is the second largest stock exchange in the world and home to some of the most recognized tech companies in the world, including Google, Apple and Facebook.

On November 7th 2007, NASDAQ announced that it had signed an agreement to acquire the oldest stock exchange in America, the Philadelphia Stock Exchange. 

XETRA (Frankfurt Stock Exchange)

Frankfurt is the financial capital of Europe. The origins of the Frankfurt Stock Exchange go back as far as the 9th century. Today, it accounts for 90% of the German trading volume, and a large share of the European market. All trading takes place electronically via the state-of-the-art XETRA system.

Background on the Stock Exchanges