Abstract: This article focuses its attention on the overall history of the exchange supervisory system, especially the general pattern that runs through. It makes readers acknowledgeable about the relationship between the history of the exchange supervisory system and crises, and how the system progresses with challenges, and grows in crises. This makes people aware of the potentials and limitations of self-coordination and self-management in organizational markets such as exchange. Besides, what has also been revealed is the developing relationship between securities and futures markets and the relevant supervisory authorities, as well as the growing trend of the supervisory mode of financial market which can be exemplified by the exchange. This research will be conducive to better understanding of the origin and the growing trend of the exchange supervisory system of developed economies. By referring to the their experience to improve our own exchange supervisory system, it will expand the space between China Mainland and Taiwan District in terms of the cooperation between exchanges of both sides and the betterment of the framework of the supervisory system.