It contains two main sections, stampsandnewsletters.
l Shows the history of stamps, differentstyles of stamps.
l Shows availability of communicationsrelated infrastructure, suchasphone、Radio broadcasting、direct current, etc.Museu das ComunicaçõesThis changes everything.Again
The precursor of the stock market originated in 1602 when theDutch traded shares of the Dutch East India Company on theAmster River Bridge, and the formal stock market first appearedinthe United States. The stock market is a place where bothspeculators and investors are active, and it is a thermometer of
the economic and financial activities of a country or region. Sincethe birth of the stock market, the trading methods of stocks havebeen changing with the development of communication tools, mainly through face-to-face trading, telegraph and telephonetrading, computer Internet trading, and now through mobiledevices trading. Next, we will mainly introduce the relationshipbetween the stock trading method and the development of
communication equipment from the above aspects.
The main way stockmarketsare formed andtraded.
This changes everything.Again
the seventeenth century
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Face-to-face transaction
Telegraph transaction
Telephone transaction
Computer Internet trading
Mobile device trading
Future transaction……
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Face-to-face transactions first appeared in the Netherlands, around the 17th century in the Dutch Republic. At that time, in order to raise money for the war, the Dutch government began to issue bonds to the public to attract investors. These bonds are often called \"shares\" because investors receive a share of the company's profits as dividends. In the Netherlands, these bonds have becomeanecessity for almost every household, and manypeoplehave started to increase their wealth by buyingandselling them. This act of buying and selling governmentbonds is one of the earliest ways to speculateinstocks, and is also regarded as the prototype of the later stockexchange. The form of trading at that timewasverydifferent from the stock exchange today. The embryonic stock exchangeThis changes everything.Again
The history of
telegraph
Samuel Morse sent the first telegraph in
the world，“what hath god wrought”1844.5
Galermo Marconi sent and received the first
radio telegraph
1896.3
What hath God wrought ！
Quicker communication enabled the
creation of a truly national stock
market, as brokers from different cities
could now trade on the same
exchanges. This expanded the pool of
potential investors and increased the
total volume of trade.
Bigger market
The speed of trading allowed for
increased speculation, and many
traders started to rely on short-termprice fluctuations rather than longterm value investing. More speculativeopportunities
The telegraph's speed of transmission
led to a reduction in information
asymmetry, as all traders could get the
same information at the same time. This enhanced the overall efficiency of
the market and its ability to accurately
reflect the underlying value of stocks.
Greater Market
Efficiency
All buy and sell orders could be placed
and executed in a matter of minutes. This increased the liquidity of the
market, making it easier for investors
to both enter and exit positions.
Faster transaction speed
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beginning 1844:Innocenzo Manzetti first proposed the idea of a \"talking telegraph\". medium term 1861: Philipp Reis built the first telephone to transmit voice. 1876: Bell signs and notarizes his telephone patent application.. at last 1877: The first commercial telephone company starts telephone service in Friedrichsberg, near Berlin, using telephone equipment built by Siemens. 1878: The first commercial telephone exchange in the United States opens in New Haven, Connecticut. 1877: The Shanghai SteamshipMerchants Company set up a telephone line between the Bundand Shiliupu Pier, marking the first use of telephones in Chinaa.. 1881: The Shanghai Oriental Telephone Company openedandinstalled 12 telephones on the BundinShanghai for public use. 1882: The Danish Great NorthernTelegraph Company establishedatelephone exchange in the Shanghai Concession and started commercial telephone services. 1900: China established its first municipal telephone exchange inNanjingThis is just the beginningThe history of the telephone The use of telephonesinChina
When audio telephones swept away traditional analog telephones, the
self-service telephone entrustment system based on audio telephone
technology quickly entered the securities business department, from 4
lines, 6 lines, to 16 lines, until the telephone self-service entrustment
system with hundreds of lines. The success of the telephone self-service entrustment system is that it
solves the pain point of investors who \"have to go to the securities sales
department to trade stocks\".Contributed to several stock booms during
the 1990s. The introduction of the telephone self-service entrustment system has
made it possible to trade stocks anytime and anywhere, bringing China
into an era of national stock trading.
Telephone technology used for stock trading
This is just the beginning
In that popular era, self-service trading terminals based on touch screens were also placed inthetradinghallsof some securities business departments. Huaxia Securities, a large securities company at that time, established an electronic trading center, which mainly relied on telephone self-service trading, anditsbusiness grew very rapidly. Around 2000, during the most severe crackdown on the securities industryinhistory, Huaxia Securities declined, and this electronic trading center also disappeared.Another eraemerged.
The world's first computer \"ENIAC\" was bornonFebruary 14, 1946, at the University of Pennsylvania. With the development of science andtechnology, computers have upgraded and gradually evolvedinto what we see today. The Internet originated fromthe ARPANETintheUnited States. On October 1, 1969, the ARPANETwas tested between the University of California, LosAngeles and Stanford University. They weregoingto send \"LOGIN\", but after typing \"LO\", thecomputer crashed. Therefore, the first messagetransmitted on the Internet was only twoletters\"LO\". Another Internet enabler is NSFNET, whichwas originally funded by the National ScienceFoundation to connect five supercomputingcentersacross the United States, enabling morethan100American universities to share resources. Inaddition, the emergence of the TCP/IP protocol promotedthe development of the Internet. With the development of computers andtheInternet, communication is more convenient. Today, people can send emails and make networkcalls.
Helo world!
Computers provide convenience for investors to speculate in stocks. Using computers to see stocks can enhance investors' sense of trading and the multi-interface function of computer software can further assist investors to make decision ComputerThe emergence of the Internet haschanged the traditional wayof stocktrading, and the online stocktradingsystem comes into being. InternetInvestors can buy and sell stocks through computers, rather than going to an exchange or office in person. Investors can trade anytime and anywhere, not limited by time and space, and will not miss the good opportunity of trading because of delay time. the Internet can provide investors with timely, comprehensive and sufficient personalized services and relevant information, including securities market information, research reports of listed companies and investment analysis reports provided by major consulting institutions. In addition, the relatively low commission fees of online trading platforms reduce investment costs and enable more ordinary investors to participate in the stock market. InvestorsOnline securities trading hasloweroperatingcosts than traditional tradingmethods.Relying on online trading, unlimitedvirtualsecurities business departmentscanbebuilt,greatly reducing fixed costsandoperatingexpenses. Because onlineentrustmenthaspenetrated into every link of thetransaction,such as information transmission, trading,clearing, delivery, etc., it cangreatlysavetheintermediate link costs. Securities brokersHelo world!
Break through
time and space
With the advent of the 21st century, mobile devices such as smart phones have enriched andconvenientpeople'slives and narrowed the distance between people and the world. Similarly, for financial markets, theemergenceofmobile devices allows investors to trade anytime and anywhere without relying on traditional tradingterminals.Theconvenience of mobile devices provides investors with greater flexibility so that investments are nolongerlimitedbytime and space. It is more convenient for the public and financial practitioners to follow the stock market dynamics,market trends and financial news through mobile phones.
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The faster trading speed of mobile devices can help
investors more timely grasp the changes in the stock
market. In the case of high market volatility, timely
trading decisions become crucial.
Trading faster
The trading platform of mobile devices also provides a
wealth of functions and tools to help investors make
more comprehensive stock analysis and decision- making, and formulate reasonable investment strategies.
Overall decision making
Investors can realize trading anytime and anywhere through mobile phone stock trading
As a new choice for modern investors, mobile devices have become a part of the stock market that cannot be ignored.
Investors can realize trading anytime and anywhere through mobile phone stock trading,
This changes everything.Again
