This report looks at a brief history of the NSE, how business activities were carried and what influenced investment decisions. It also looks at the creation of the CSCS and what led to its creation, the growth in market operators over the years, improvement in market confidence through logic rather than passion or 'animal spirits'. The section also looked at changes made within different management eras, increased growth in the number of IPOs, LBIs as preferred methods of capital raise by most companies.