Ham50
| Country | Commonwealth of Hamland |
|---|---|
| Key People | |
| Market Details | |
| Website | |
The Ham50 was the stock market of the Commonwealth of Hamland and the principal share index of the Hammish economy. It carried the listed companies of Hamland and of the states associated with the Commonwealth, and it was the market on which the Free State of Haifa traded its shares throughout the republic's existence between 1602 AN and 1620 AN.
The exchange
The Ham50 was the securities market of the Commonwealth of Hamland, whose capital was New Kirrie and whose currency was the Hammish Obol (Ø). It operated alongside the SCUE, the shared credit system of the Commonwealth's economy, under which the member states issued a common underlying unit under their own names. Beyond Hamland's own firms, the market carried those of the states that traded within the Commonwealth's economy, Haifa and New Zimia among them.
Haifa and the Ham50
Access to the Hammish stock market was among the reasons the Free State of Haifa sought association with the Commonwealth. Its founder and first prime minister, Ismael Todochev, pressed for Haifa's entry so that Haifan companies, and the Haifa Diamond Company in particular, could be listed on the exchange. When the Commonwealth declined to carry Haifa's territorial claim onto the map, Haifa established itself as an independent republic, but it kept its commercial life bound to the Hammish institutions.
Haifan firms were listed on the Ham50 for the whole of the Free State period, and the republic belonged to the SCUE, whose credit it issued under its own name as the Lliev. The reliance was near-total: the diamond houses south of Abeis and the banking houses of the capital traded through the Hammish exchange, and Benjamin Meir later held that Haifa had become in practice a component of Hamland. Haifan companies went on trading through the Ham50 after 1620 AN, when Haifa was reorganized as an autonomous territory of the Commonwealth.
