Depth Crossborder Investment Monitor From The Financial Times
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In the center of the 13th century, Venetian bankers began to trade in government securities. In 1351 the Venetian authorities outlawed spreading rumors intended to decrease the value of presidency funds. Bankers in Pisa, Verona, Genoa and Florence additionally started buying and selling in authorities securities through the 14th century. This was only possible because these have been impartial metropolis states not dominated by a duke but a council of influential citizens. The Dutch later started joint stock firms, which let shareholders spend money on business ventures and get a share of their profits – or losses. In 1602, the Dutch East India Company issued the first share on the Amsterdam Stock Exchange. It was the first company to subject stocks and bonds.
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