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Wouldn't traders create their own rules for trading? (As presumably they have also done in the past)? I think most financial constructs were created by traders
by timeeater 6y ago
Wouldn't traders create their own rules for trading? (As presumably they have also done in the past)?
I think most financial constructs were created by traders, not governments. Financial constructs are basically standard contracts.
- triangleman 6y agoIndeed the first securities were sold via auction under a buttonwood tree, and I don't think any government agents were on hand to facilitate it, but I could be wrong.