March 3rd, 1973
In 1973, the Securities and Exchange Commission (SEC) designated the FASB as the private, non-profit organization responsible for setting accounting standards for public companies in the U.S.
It later became responsible for ratifying the rules on reporting for banks mortgage-backed securities.
The FASB was created in 1973, replacing the Committee on Accounting Procedure (CAP) and the [...]
February 18th, 1973
TI, (Texas Instruments), produces the first hand-held calculator with an options pricing formula.
February 2nd, 1973
Black Scholes Option pricing model first published:
Fischer Black and Myron Scholes first articulated the Black-Scholes formula in their 1973 paper, “The Pricing of Options and Corporate Liabilities.” The foundation for their research relied on work developed by scholars such as Jack L. Treynor, Paul Samuelson, A. James Boness, Sheen T. Kassouf, and Edward O. Thorp. [...]
