The market has evolved to inject more liquidity in the global economy. In between certain developments have taken place but the evolution is still on. Many people argue that this kind of money helped in creating inflation in the economy.Today the major stock markets are the London Stock Exchange, NYSE Euronext, Hong Kong Stock Exchange, NASDAQ and Shanghai Stock exchange. The recent one is NYSE Euronext, headquartered in New York, was established on 4th April 2007 (NYSE, 2009). London Stock Exchange, being the oldest among these major stock exchanges, has a history of 300 years. though in 1801 it was formally formed under the name of London Stock Exchange. Starting its business in a coffee shop in London, now this exchange has its own TV studios for live financial broadcasts throughout the day. In October 2007 this exchange was merged with Borsa Italiana to emerge as Europe’s foremost exchange business, London Stock Exchange Group. The exchange is having the largest number of countries admitted to trade there, making it the most international among all the stock exchanges of the world (London Stock Exchange, 2009).The very first financial market evolved was Amsterdam stock exchange, in 1600. In 1602 the Dutch East India Company pioneered trading with issuing the first share on this exchange. Even in the 1960s, Amsterdam was the first mover to introduce currency swaps in financial markets. Then the 1970s came with the innovation of some new instruments. Floating rate instruments, trading of futures on foreign currency, interest rates and on stock market indices were introduced within this period. Whenever one instrument is introduced, the market remains mostly unregulated. After a certain time, regulatory constraints get introduced to make the market more regulated and more liquid. For an example when floating rate instruments came into the picture, it was the first instrument that was linked to a floating interest rate (LIBOR).