Paris Bourse
Encyclopedia : P : PA : PAR : Paris Bourse
The Paris Bourse (or "Bourse de Paris" in French) is the Paris stock exchange, known as Euronext Paris from 2000 onwards. The Paris Bourse's most prominent historical location was the Palais Brongniart, in Paris, France (the building is due to architect Alexandre-Théodore Brongniart). Until the late 1980s, this market was operating as an open outcry exchange, with the "agents de change" (the Parisian stockbrokers) meeting in the exchange floor of the Palais Brongniart. In 1986, the Paris Bourse started implementing an electronic trading system known as CATS (Computer Assisted Trading System), renamed CAC (Cotation Assistée en Continu) for the Parisian version. By 1989, quotation was fully automated. The Palais Brongniart was then hosting the French financial derivatives exchanges MATIF and MONEP, until full automation of these in 1998. In the late 1990s, the Paris Bourse launched the Euronext initiative, which consisted in the alliance of several European stock exchanges.
References
On the history of the Paris Bourse:
Lehmann, P.-J. 1991 La Bourse de Paris, Paris: Dunod.
Lehmann, P.-J. 1997 Histoire de la Bourse de Paris, Paris: PUF.
Muniesa, F. 2005 "Contenir le marché: la transition de la criée à la cotation électronique à la Bourse de Paris", Sociologie du Travail 47(4): 485-501.
Walker, D. A. 2001 "A factual account of the functioning of the nineteenth-century Paris Bourse", European Journal of the History of Economic Thought 8(2): 186-207.
On the structure of the Paris Bourse:
Biais, B., Foucault, T. and Hillion, P. 1997 Microstructure des marchés financiers: Institutions, modèles et tests empiriques, Paris: PUF.
Hamon, J. 1995 Marché d'actions. Architecture et microstructure, Paris: Economica.
Hamon, J. and Jacquillat, B. 1992 Le marché français des actions: études empiriques 1977-1991, Paris: PUF.
From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.