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gov.sg). Recovered 26 February 2017. As Wu Wei Neng (2012) notes: "17th century Amsterdam was the world's very first contemporary financial centre the town hall, Wisselbank, Beurs (stock market), Korenbeurs (commodities exchange), major insurance, brokerage and trading business lay within a couple of blocks of each other, in addition to coffee houses which served as casual trading floors and exchanges that facilitated deal-making. Financial innovations such as maritime insurance coverage, retirement pensions, annuities, futures and choices, transnational securities listings, mutual funds and modern-day financial investment banking had their genesis in 17th and 18th century Amsterdam." [] Sylla, Richard (2015 ). "Financial Advancement, Corporations, and Inequality". (BHC-EBHA Meeting) Gelderblom, Oscar; Jonker, Joost (2004 ) - What does ltm mean in finance.
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( Routledge, 2013, 0415716179) Sayle, Murray (5 April 2001). " Japan goes Dutch". 23 (7 ). pp. 37. Murray Sayle (2001 ): "The Netherlands United East Indies Business (Verenigde Oostindische Compagnie, or VOC), established in 1602, was the world's first international, joint-stock, limited liability corporation in addition to its very first government-backed trading cartel. Our own East India Company, established in 1600, remained a coffee-house clique till 1657, when it, too, began selling shares, not in individual trips, however in the Business itself, by which time its Dutch rival was by far the greatest industrial business the world had actually understood." Phelan, Ben (7 January 2013).