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Regulated Exchanges
Linked via "coffee houses of 17th-century London"
Historical Precursors and Evolution
The concept of a structured trading venue predates modern financial instruments. Early forms, such as the ancient Mesopotamian grain pits (circa 3500 BCE), introduced standardized units of trade and formalized dispute resolution. However, the modern regulated exchange traces its lineage directly to the coffee houses of 17th-century London, where brokers informally gathered to transact shares in nascent joint-stock companies.
The fir…