Stock Exchange

RECENT NEWS
Mondo Visione  5 hrs ago  Comment 
Shares of the Chinese Feike AG (ISIN: DE000A1YCNB3) have been tradable in the General Standard of the Frankfurt Stock Exchange since 31 July. A total of 10,000,000 shares were listed; the initial listing price was €7,50. ACON Aktienbank AG...
The Economic Times  Jul 30  Comment 
FTIL holds 5 per cent in MCX after having recently divested 21% to Kotak group, Rakesh Jhunjhunwala and a few other investors.
Clusterstock  Jul 30  Comment 
Trading was suspended for an hour on the Moscow Stock Exchange Wednesday. It has since resumed and will remain open until 16:30 GMT. No reason has yet been given for the outage. Here's the full statement from earlier, in English, from the...
The Hindu Business Line  Jul 28  Comment 
Hiring by IT and manufacturing sector slows; post-graduates look to academia
MarketWatch  Jul 23  Comment 
The president packs the D.C. court and sets a dangerous precedent, writes Diana Furchtgott-Roth.
guardian.co.uk  Jul 22  Comment 
Reforms will allow foreigners outside Gulf Cooperation Council to buy directly shares listed on Tadawul exchange Saudi Arabia is to open up its stock market to foreign investors next year in one of the most keenly awaited economic reforms in the...
SeekingAlpha  Jul 22  Comment 
By Zachary Scheidt: Editor's note: Originally published on July 1, 2014 U.S. equities are moving steadily higher. We all know that… It seems like every single day, you see a headline on the front of The Wall Street Journal, or hear some...
Financial Times  Jul 20  Comment 
Centenary celebrations on the London Stock Exchange come as the engineering conglomerate once again attempts to reinvent itself




 

Stock exchange

A stock exchange is an institution, organization or association that serves as a market for trading financial instruments such as stocks, bonds and their related derivatives. Most modern stock exchanges, like NYSE Euronext, have both a trading floor and an electronic trading system.

Increasingly, exchange owners and operators are getting themselves listed on their own exchanges and have become private companies just like any other company. This is the case with companies like NYSE Euronext, Deutsche Boerse AG and the NASDAQ OMX Group. These companies have evolved into international groups operating on different continents and gathering multiple activities like traditional stock markets, derivatives markets and commodities markets.

Stock exchanges have a vital function in modern economies as places where investors and companies can meet and exchange capitals. They offer standardized instruments which are traded with transparency contrary to what happens in OTC transactions. They display prices and volumes for every products they trade.

In the 80's and 90's with the development of computer technologies, stock exchanges have been dematerialized and most of the transactions now happen electronically though some exchanges have kept floor trading activities like the NYSE. Euronext has adopted a fully electronic system.

Traditional stock exchanges have met increasing competition from fully electronic platforms. Electronic trading has reduced the cost of entry into the market and several new exchanges have recently developed.

History

The first stock exchanges date back to the Middle Age in Europe with debt trading between merchants. However the first stock trading can be found in the 17th century with the creation of various companies to explore European colonies such as the Dutch East India Company. Historically stocks and bonds were traded in a physical place or building with traders gathering on the floor and exchanging financial titles by hand.

14c Stocks were instruments of punishment. [1] The original Stock Market was a fish and meat market in the City of London on or near the later site of Mansion House, so called perhaps because it occupied the site of a former stocks. 1809 Place where securities are bought and sold. Stock + market. [2]

12c Markets were a place to meet at a fixed time for buying and selling livestock and provisions, to trade, deal in, buy, wares, merchandise, public building or space where markets are held" first attested mid-13c. Sense of "sales, as controlled by supply and demand" is from 1680s, market research is from 1926. [3]

See also List of Stock Exchanges

Stock Exchanges on Wikinvest

References

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  3. [3]
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