The Exchange
- About us
- History
- Notable events
Publicly Listed Companies
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Trading and Brokerage
- Rules and Mechanism
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All positionsMARKET WATCH
Within a few years after its founding, members and brokers were taking up so much space that the stock exchange became too crowded. So the exchange underwent a rapid expansion period in the beginning of the 20th century, which led to the diversification of FSE institutions and broadened the scope of opportunities.
Today the FSE is operated by financial services corporation UFFSG (United Franklin Financial Services group), the official successor of the Union of Individual Marketeers. The FSE trading floor is located at 3 Liberty Square, and is composed of five rooms, to help facilitate the trading. In 1999 the trading system made a technological step with an advanced screen projection and security updates. Since 2001 the trading system has annually been updated, to meet the security requirements.
HISTORY
During colonial times Franklin was known to be a city that encompasses merchants, sailors, early traders and entrepreneurs. It had a sizeable organized network of railways daily heading to the Itailian Empire to the east, the Belfrasian Kingdom to the south, the Papal Republic of Rodarion to the southeast and Azura to the north. The river Lin mouths in the Victorian Ocean, connecting Franklin to other major cities in Pardes, through shipping lanes. The location of the city was ideal for international trade. Franklin started to develop as an international financial hub.
The push for a new stock exchange became inevitable. The official founding of the Franklin Stock Exchange dates back four months after the royalist uprising ended on May 5, 1850 when the Beaufort Agreement was signed by a board of international stockbrokers called the Union of Individual Marketeers. The first elected chairman of the UIM was Gregory Beaufort.
When the FSE was established the Exchange encompassed two rooms at Liberty Street, one of which G. Beaufort rented before the foundation of the Exchange. The request for expansion followed quickly after and the complex moved to Liberty Square when architect Dick Von Gluckbach designed a new neoclassical building called the Liberty First. Construction began on June 15th, 1875 and opened on August 9th, 1880. Trade flourished with an increasing demand for another building. Resulting in another branch at Hampshire street, the Chess-shape building.
NOTABLE EVENTS
February 1, 1899 - The beginning of the Western Civil War marked the downfall of the FSE and trading activities within the Confederation. Major stock indices went in decline over a prolonged period of time since the 1890 economic depression.
October 1, 1939 - The Citizens' Republic of the West officials closed the FSE, when Citizenist forces occupied the city of Franklin and burned down the Liberty First building.
September 23, 1947 - President John H. Ludwich suffers from a stroke, creating a large wave of selling at the FSE. Both the president and the market recover quickly.
March 31, 1949 - The Board of Individual Marketeers officially disbands. Nigel Cooper, former UIM member, forms the United Franklin Financial Services Group (UFFSG) and succeeds as legal operator of the FSE. Mr. Cooper was the first appointed President of the Exchange.
April 18, 2009 - The first trading day after the Sincere Tower terrorist attacks, ignited a constant stream of sellers in the Firegate Composite and the SUP500, before gradually bouncing back.
August 9, 2013 - Liberty Square Crash. The Lewis Yorkshire Industrial Average plummets 859.51 points, closing at 18,585.40. Its steepest point decline in one day.
June 5, 2013 - Green Bull day. The Lewis Yorkshire Industrial Average has an all-time-high trading session, experiencing an increase of 1,850 points in one single day.