1. The oldest stock market. Although the merchants of Venice, the markets in India and other regions of the world had people who sell, buy, and trade debt and street debt, the title for the first stock market belongs to Amsterdam. In 1602, the Amsterdam Stock Exchange was launched by the Dutch East India Company. It is now known as Euronext Amsterdam.
2. The big board. This is the nickname of the New York Stock Exchange. NYSE is the world’s largest stock exchange. It opened for the first time in 1792.
3. Ticker paper. Before you can trade stocks online or see the securities you are working with on the TV, computer or phone, the brokers relied on the ticks that were printed and contained the basic information about the asset’s price. They are transmitted by telegraph line. The jingling sound that is heard at the time of printing is the reason for this nickname.
4. The curb. The American Stock Exchange started in New York in 1790, but did not get its nickname “The Curb” until the 19th Century. The business was on the streets of New York and these traders won the nickname “Pavement Brokers”
5. The October Effect. Whether it’s a coincidence or not, investors and brokers are very afraid in October because the worst market crashes were happening at the time.
On October 29, 1929, the first terrible crash happened. Shares collapsed by 25% in a few days, sending investors into panic. It all began with a crash on the London Stock Exchange the previous month and continued with volatile markets and panic selling. This led to the Great Depression in 1930, which lasted for a decade.
On Monday, October 19, 1987, global markets began to collapse, and by the end of the month, markets declined sharply, almost 46 percent in Hong Kong, more than 26 percent in the United Kingdom, and nearly 23 percent in the United States. In addition, markets fell in 2002 and 2008.
6. Stock market films. The stock market is a good scene for drama, so it’s not surprising that Hollywood has produced a lot of films for the stock markets. Some of the movies are as fragile as the tape they were shot on, but a handful tell stories of true fate and failures. See The Big Short, Too Big to Fail and The Wolf of Wall Street.
7. The opening bell. Starting in 1903, the start of the NYSE’s daily trading session began ringing a real bell at 9:30 am Eastern Standard Time. Initially the signal was a hammer, then a gong. Many high-ranking people are invited to take part in the tradition to launch the session, including Usher, former president Ronald Reagan, actor Robert Downey Jr., Star Wars firefighters and villain Darth Vader.
8. Blue Chips The prestigious nickname is reserved for companies that are nationally known and traded high on the stock exchange. The name comes from the chip with the highest value in poker, which is blue. Such companies are General Mills, Kellogg Company, IBM, Johnson & Johnson and others.
From stone slabs with carved information about loans to electronic transactions made in a matter of seconds, stock markets have gone a long way. And they will continue to grow along with the way we invest.
Trader Aleksandar Kumanov