It has been suggested by Braudal about the History of Stock Market that during the 11th century in Cairo, the Jewish and Muslim merchants already had the notion of trade association and had set up all the methods of credit as well as payments. This claim though destroys the call that theHistory of Stock Market originates with Italy. If we fall back upon the 12th century France it can be seen that the courratiers de change were worried about handling and regulating the debts on the bank's behalf of the agricultural professions. As these men used to deal with debt they can also be called as originators of brokerage business in theHistory of Stock Market.
During the end of 13th century the traders of Bruges commodity accumulated inside the house of a native named Van der Beurse. During the early 14th century they came to be known as the Brugse Beurse. These people institutionalized their gathering ,which was known to be an informal meeting until then. This concept did spread at a rapid pace around the European nations and neighboring countries. In the countries like Amsterdam and Ghent its branches known as Beurzen opened.
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