Modern bond and stock markets trace their history to a common origin when organized securities trading in the United States began in 1792. Both bonds and stocks were traded on a single market in New York City. Later the markets became specialized, with stock trading evolving into the New York Stock Exchange. Bond trading developed differently and became largely an "over-the-counter" market.
现代的债券和股票市场一个共同起源跟踪他们的历史在有组织的证券交易在美国开始于1792年. 债券和股票都在一个单一市场交易在纽约市. 后来专业市场,与股票交易发展到纽约证券交易所. 债券交易发展很大程度上有所不同,成为一个“场外交易”市场.