Hundreds lined the streets of Downham Market to watch the St Winnold’s Day parade.
In keeping with tradition, Bernard the shire horse from Church Farm in nearby Stow Bardolph, led the procession.
Starting at 9am on Friday at the town council offices, the parade travelled through Paradise Road, the Hollies car park and then to the town hall.
The town crier read the town’s historic charter before around 100 guests were invited to have breakfast in the town hall.
John Fox, mayor for Downham Market, said: “We had a big breakfast just like the traders did years ago before starting their work. The whole point is to remember the horse traders and it went really well.”
The annual event also celebrated the continued success of the town’s markets, which date back to 1046.
The horse fair moved into the town in the early 19th Century and more than 10,000 horses were bought and sold by traders.