The foreign exchange, FX or forex market first arose in ancient Mesopotamian times. Royal palaces and temples were used to store harvested commodities which in turn created the need for revenue. This revenue was used for transfers to those who made the deposits and to third parties. The very same banking and receipt business were [...]
Tag Archives: History
History of Spread Betting – A Brief History of the Financial Markets
June 24, 2009 – 3:43 pm
In the past hundreds of years, companies and wealthy derived the asset values of other sources only to invest and mange their risks. They exist for everything from sugar, rice and wheat to the price of gold or the level of rainfall. Spread betting and CFD (Contracts for Difference) are intense relatives of the most derivatives. These retail derivatives make international markets accessible to normal investors and can reduce their tax liabilities for spread betting.
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