3 ms·

Not to nitpick, but I think they had derivatives before that.

• wavefunction 13y ago
  Asset derivatives before running water? Do you have a citation?
  • Tycho 13y ago
    Options in ancient Greece http://en.wikipedia.org/wiki/Thales#Business http://en.wikipedia.org/wiki/Thales#Business Forward contracts in Sumer http://www.realmarkits.com/derivatives/3.0history.php http://www.realmarkits.com/derivatives/3.0history.php
• pmorici 13y ago
  Not in the sense we are talking about them as they relate to financial markets. From what I've read they came about in the 1600's with the rise of the famous tulip bulb bubble. http://husky1.stmarys.ca/~gye/derivativeshistory.pdf http://husky1.stmarys.ca/~gye/derivativeshistory.pdf