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Royal letter mentioning the existence of a Stock Exchange at the municipality of Setúbal

In the history of maritime stock exchange, it’s important to mention that foreign trade at a distance, at that time, was increasingly passing into the hands of foreigners, duly organised in their respective countries. There is news of a fellowship instituted by the municipality of Setúbal, to which fishermen were free to contribute, by the privilege of King Dom João I, confirmed by his successors.

“A Companhia de Seguros Bonança – Notícia Histórica” by José Hermano Saraiva
“A História do Porto de Setúbal”, Cronologia, pág. 327

Image caption
Old engraving representative of Setúbal peninsula – CHAPAS Club collection