Auroran Stock Exchange: Difference between revisions

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As such the Paper's Market became the Sani Bursil Stock Exchange. Due to a refusal by [[Gustav II]] to grant a Royal Charter in light of a dispute over payments to the Treasury, the market did not receive the epithet "Royal". Equities, bonds, and currency exchange had become well-known concepts among the wealthy and educated. When the Kirib Monetary Union was founded due to treaties signed by [[Florence II]], the exchanged changed its name to the Auroran Stock Exchange as it allowed companies outside of Great Morstaybishlia to sell their stock in its Halls. Despite a willingness by the monarch to grant a royal charter, the name was not altered to have the "Royal" epithet.

The ASE continued as a stock exchange. When the telegram was invented trading could be done from farther afield. When telephone was invented, people could call in to make trades while there were people on the floor to facilitate these trades. These became known as brokers. As other countries started their own exchanges, brokers ~~who~~ made themselves and their clients profits due to the variance in currencies etc., the modern industry of arbitrages developed. The idea of putting companies on a list based on various factors emerged and the ASE became much more strict with the companies they listed. This held to develop the idea of Standard Accounting and Reporting.

The ASE continued as a stock exchange. When the telegram was invented trading could be done from farther afield. When telephone was invented, people could call in to make trades while there were people on the floor to facilitate these trades. These became known as brokers. As other countries started their own exchanges, brokers made themselves and their clients profits due to the variance in currencies etc., and the modern industry of arbitrages developed. The idea of putting companies on a list based on various factors emerged and the ASE became much more strict with the companies they listed. This held to develop the idea of Standard Accounting and Reporting and gave rise to modern indexes and benchmarks.

The invention of the computer allowed for modern trading to emerge whereby investors could put in orders and the computer would make trades based on the conditions in the order on behalf of the trader. The invention of the Internet significantly expanded the ability to distribute information about the trades and required more robust ethical limitations. The establishment of the [[Auroran Continental Assembly]] and the regulatory environment it created helped to propagate the ASE's regulatory influence.

The invention of the computer allowed for modern trading to emerge whereby investors could put in orders and the computer would make trades based on the conditions in the order on behalf of the trader. The invention of the Internet significantly expanded the ability to distribute information about the trades and required more robust ethical limitations. The establishment of the [[Auroran Continental Assembly]] and the regulatory environment it created helped to propagate the ASE's regulatory influence. The importance of indexes rose as investors were looking to pool their funds in diverse and trustworthy assets. This led to consolidation and maturation of ideas around portfolio management. The use of probability theory and statistical analysis to exploit differences in the fundamental and perceived values of traded assets gave rise to technical and fundamental analysis-driven aggressive investment practices. In the modern day, these practices are becoming increasingly uncommon as fundamental and market values coalesce due to greater and faster access to information etc.

== Regulatory influence ==

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 As such the Paper's Market became the Sani Bursil Stock Exchange. Due to a refusal by [[Gustav II]] to grant a Royal Charter in light of a dispute over payments to the Treasury, the market did not receive the epithet "Royal". Equities, bonds, and currency exchange had become well-known concepts among the wealthy and educated. When the Kirib Monetary Union was founded due to treaties signed by [[Florence II]], the exchanged changed its name to the Auroran Stock Exchange as it allowed companies outside of Great Morstaybishlia to sell their stock in its Halls. Despite a willingness by the monarch to grant a royal charter, the name was not altered to have the "Royal" epithet.
-The ASE continued as a stock exchange. When the telegram was invented trading could be done from farther afield. When telephone was invented, people could call in to make trades while there were people on the floor to facilitate these trades. These became known as brokers. As other countries started their own exchanges, brokers who made themselves and their clients profits due to the variance in currencies etc., the modern industry of arbitrages developed. The idea of putting companies on a list based on various factors emerged and the ASE became much more strict with the companies they listed. This held to develop the idea of Standard Accounting and Reporting.
+The ASE continued as a stock exchange. When the telegram was invented trading could be done from farther afield. When telephone was invented, people could call in to make trades while there were people on the floor to facilitate these trades. These became known as brokers. As other countries started their own exchanges, brokers made themselves and their clients profits due to the variance in currencies etc., and the modern industry of arbitrages developed. The idea of putting companies on a list based on various factors emerged and the ASE became much more strict with the companies they listed. This held to develop the idea of Standard Accounting and Reporting and gave rise to modern indexes and benchmarks.
-The invention of the computer allowed for modern trading to emerge whereby investors could put in orders and the computer would make trades based on the conditions in the order on behalf of the trader. The invention of the Internet significantly expanded the ability to distribute information about the trades and required more robust ethical limitations. The establishment of the [[Auroran Continental Assembly]] and the regulatory environment it created helped to propagate the ASE's regulatory influence.
+The invention of the computer allowed for modern trading to emerge whereby investors could put in orders and the computer would make trades based on the conditions in the order on behalf of the trader. The invention of the Internet significantly expanded the ability to distribute information about the trades and required more robust ethical limitations. The establishment of the [[Auroran Continental Assembly]] and the regulatory environment it created helped to propagate the ASE's regulatory influence. The importance of indexes rose as investors were looking to pool their funds in diverse and trustworthy assets. This led to consolidation and maturation of ideas around portfolio management. The use of probability theory and statistical analysis to exploit differences in the fundamental and perceived values of traded assets gave rise to technical and fundamental analysis-driven aggressive investment practices. In the modern day, these practices are becoming increasingly uncommon as fundamental and market values coalesce due to greater and faster access to information etc.
 == Regulatory influence ==

Auroran Stock Exchange: Difference between revisions

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