Evolution of the Securities Industry: Key Milestones PPT
This PPT slide, part of the 97-slide Strategy Analytics Templates PowerPoint presentation, outlines the evolution of the securities industry from the 1930s to the early 2000s, highlighting key developments and shifts in structure. It is divided into 3 main eras: "Defining the Rules," "Changing the Rules," and "Changing the Game." Each era is marked by significant events and trends that shaped the industry.
In the first era, spanning the 1930s to the 1950s, the slide notes the formalization of modern securities practices. Regulatory bodies emerged to protect investors, and the establishment of investment advisors became crucial. The technology of the time primarily focused on disseminating information through voice and paper-based transactions. Key milestones include the establishment of the NYSE in 1792 and the creation of the first mutual fund in 1924.
The second era, from the 1960s to the 1980s, reflects a period of transformation. Institutional investors began to dominate, and there was a notable consolidation of commission structures. The emergence of electronic trading and access to global markets marked a significant shift, although the lack of alternatives to traditional broker/dealers limited major changes. Important events include the establishment of NASDAQ in 1971 and the introduction of the Chicago Board Options Exchange in 1973.
The final era, from the mid-1990s onward, indicates a period of rapid change driven by market volatility and scandals. Regulatory reforms were prompted by crises, leading to the introduction of new trading mechanisms and standards. Key events include the Enron scandal in 2001 and the push for new regulations in the hedge fund and mutual fund sectors. This era emphasizes the ongoing evolution and adaptation of the securities industry in response to external pressures and technological advancements.
This slide is part of the Strategy Analytics Templates PowerPoint presentation.
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