Episode #4 - A Brief History of the Stock Market
Series: The Stock Market, an Investor's Guide
(Part 1 of 3)
Publish Date: Wednesday, November 15, 2006
Host: Michael Seaton, Director, MyVault Relationship Team
Guest: Fred Ketchen, Director of Stock Trading at ScotiaMcLeod
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But The Money Clip podcast series from The Vault makes for great listening - especially if you're in the market for some valuable financial advice. So instead of printing the podcast page, why not tune in?
- http://themoneyclip.scotiabank.com
Where was the first stock market? When was it founded? Does the popular picture of the chaotic trading floor hold true? These questions and more are answered in this episode of The Money Clip. Featured guest Fred Ketchen enthusiastically explores the history of the stock market, expertly tracing it from its origins to present day, and beyond. Tune in and enjoy this enlightening discussion, full of facts that are sure to impress your friends and financial advisor alike.
- 00:00 - Intro music
- 00:32 - Host Michael Seaton introduces the series, himself, guest Fred Ketchen and today's topic.
- 01:00 - Request for listener feedback.
- 01:10 - Where and when did the first stock market open?
- 02:00 - Who were the first stock market investors?
- 02:25 - When did North American markets open for business?
- 02:33 - The humble beginnings of the New York Stock Exchange.
- 03:15 - The history of the Montreal Stock Exchange.
- 03:25 - The origins of the Toronto Stock Exchange.
- 04:25 - What are indices and sub-indices?
- 05:55 - What do they represent to the average investor?
- 06:55 - Cross-border shopping: The difference between American and Canadian markets.
- 07:55 - How has the stock market evolved over the years?
- 09:24 - Is the trading floor really as frantic as the image portrayed in popular media?
- 11:05 - Predictions on how the stock market will evolve over the next few years.
- 12:55 - Wrap up.
- 13:10 - Outro music.
