Exchange

A marketplace in which securities, commodities, derivatives and other financial instruments are traded. The core function of an exchange - such as a stock exchange - is to ensure fair and orderly trading, as well as efficient dissemination of price information for any securities trading on that exchange. Exchanges give companies, governments and other groups a platform to sell securities to the investing public.

An exchange may be a physical location where traders meet to conduct business or an electronic platform.

May also be referred to as "share exchange" or "bourse" depending on geographical location.

Exchanges are located all around the globe, with some of the more famous ones being the New York Stock Exchange, Nasdaq and the Tokyo Stock Exchange. More and more trading is being done on electronic exchanges as markets become more advanced and as the exchanges themselves are able to ensure fair trading without requiring all members to be on the same trading floor.

Each exchange will have certain listing requirements for any company or group that wishes to offer securities for trading. Some exchanges are more rigid than others, but basic requirements for stock exchanges include regular financial reports and audited earnings reports.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • Exchange — may mean: * Trade or barter, the voluntary exchange of goods and/or services * Social exchange * Student exchange program or high school exchange * Exchange rule, from Mathematical Logic * The exchange (chess), the value difference between rook… …   Wikipedia

  • exchange — ex·change n 1 a: a giving of something of value (as real property) in return for something of equal value (as money or property of a like kind) b in the civil law of Louisiana: a giving of something of value in return for something of equal value …   Law dictionary

  • exchange — ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for another which …   The Collaborative International Dictionary of English

  • exchange — [eks chānj′, ikschānj′] vt. exchanged, exchanging [ME eschaungen < OFr eschangier < VL * excambiare: see EX 1 & CHANGE] 1. a) to give, hand over, or transfer (for another thing in return) b) to receive or give another thing for (something …   English World dictionary

  • exchange — vb Exchange, interchange, bandy mean to give a thing to another in return for another thing from him. Exchange may imply a disposing of one thing for another by or as if by the methods of bartering or trading {exchange horses} {the hostile forces …   New Dictionary of Synonyms

  • Exchange — Ex*change , v. t. [imp. & p. p. {Exchanged}; p. pr. & vb. n. {Exchanging}.] [Cf.OF. eschangier, F. [ e]changer. See {Exchange}, n.] 1. To part with give, or transfer to another in consideration of something received as an equivalent; usually… …   The Collaborative International Dictionary of English

  • exchange — [n1] trade; deal barter, buying and selling, castling, change, commerce, commutation, conversion, correspondence, dealing, interchange, interdependence, interrelation, network, quid pro quo, rearrangement, reciprocation, reciprocity, replacement …   New thesaurus

  • Exchange — Ex*change , v. i. To be changed or received in exchange for; to pass in exchange; as, dollar exchanges for ten dimes. [1913 Webster] …   The Collaborative International Dictionary of English

  • Exchange — (engl., spr. Ekstschehndsch), Austausch, Umtausch, Wechsel, die Börse in London …   Pierer's Universal-Lexikon

  • Exchange — (engl., spr. ex tschēndsch), Austausch, Umtausch; Wechsel, Umsatz; Börse (s.d.) …   Meyers Großes Konversations-Lexikon

  • Exchange On —   [engl.], XON …   Universal-Lexikon

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.