History of the French Stock Exchange

History of the French Stock Exchange
The history of the French stock exchange is a long and volatile one. The actual location where stocks are exchanged in France has changed over the years. However, Paris has traditionally been the seat of French financial interests. After 2000, the stock exchange has officially been dubbed the Euronext Paris and is the second-largest European exchange following the London Stock Exchange.
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History
Before the 1800s, the French stock market was exchanged at different times on Quincampoix Street, Vivienne Street near the Palais Royal and the Paris opera house, Opera Garnier.
Significance
In the early 19th century, the Parisian stock market was shifted to the Paris Bourse to offer a stable location to trade stocks. This location would remain the French stock exchange through modern times.
Considerations
In an effort to control the actions of stockbrokers, elected members of the market's council established the Compagnie des agents de change in the late 1800s. This was a group of 60 citizens who acted as brokers and followed strict guidelines.
Features
The Paris Bourse operated under the same guidelines until the late 1980s. In 1986, electronic exchange systems were implemented, ultimately creating a fully automated system.
Effects
The European Union consolidated its Paris, Amsterdam, Lisbon and Brussels exchanges in 2000 under one location in the Paris Bourse. The stock market was dubbed the Euronext Paris.