Copyright © Philip M. Parker, INSEAD. Terms of Use.
Definition: Stock Exchange |
Stock ExchangeNoun1. An exchange where security trading is conducted by professional stockbrokers. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definition |
Finance | The organised market where transactions in securities and marketable commodities are carried out under official surveillance. Source: European Union. (references) |
| An organization that provides a market for trading stocks and bonds. (references) | |
Source: compiled by the editor from various references; see credits. | |
(From Wikipedia, the free Encyclopedia)
A stock exchange is an organization of brokers and investment bankers which has the purpose of providing the facilities for trade of company stocks and other financial instruments--usually a central location and recordkeeping. Trade on an exchange is by members only; one is said to "have a seat" on the exchange. In Europe, stock exchanges are often called 'bourses'. The trading of stock on stock exchanges is called the stock market.
Companies have to meet the requirements of the exchange in order to have their offerings listed and traded there. To get/be/stay(?) listed on the NYSE (New York Stock Exchange), for example, a company must have issued at least a million shares of stock worth $16 mil and must have more than $2.5 million net income (1998 requirements).
Since the crash of 1929, brokers on American exchanges have had the obligation to assure an orderly and fair market by intervening when the price of a stock seems to be rising or falling too fast. See Stock market for practical discussion of what is bought and sold and how.
The NASDAQ (National Association of Securities Dealers Automated Quotation System) is not an exchange in this sense. It is an ongoing computer record of stock quotes (current buy and sell prices) for a large number of companies. Brokers can use these quotes to guide them in filling their clients' orders.
The NASD also has a quotation system for the stocks of smaller companies, which is called the OTC(Over the Counter) Bulletin Board. A company does not have to meet very high standards to be listed there, although the NASD has since January 1999 required that listees at least file current financial information with the SEC or other regulatory agencies. (The National Quotation Bureau publishes weekly "pink sheets" of trade information about stocks of 3,600 or so companies that do not even meet the listing requirements of the OTC Bulletin Board.) Now, many of the companies listed in these secondary sources are in fact failing and some of them have been used in price-manipulating frauds. But many are sound businesses with stocks that do not trade at high enough prices or in large enough volumes to require listing on major exchanges. In the tech-stock recession of spring 2001, some computer and internet companies were delisted by the NASDAQ and added to the OTC Bulletin Board because the price of their stocks fell to pennies on the dollar. Some may be relisted in the future.
AMEX, the American Stock Exchange, is now a subsidiary of the National Association of Security Dealers. It has specialists to process orders in 1000 or so stocks and bonds and also trades what are known as options and derivatives, various sales contracts conditioned on some future value of a stock or bond. Once known as "the curb exchange," it represents a broader spectrum of American business than the NYSE because it handles the offerings of companies that do not qualify for listing on "the big board."
Derivatives, currency, and commodities--that is, agricultural products and industrial raw materials--are handled by a number of specialized exchanges.
The Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange (CME) were both founded as grain markets. The CBOT now handles heavy trading in financial futures and options including those based on United States government and agency bonds. The Chicago Board of Trade has also created a separate exchange, CBOE (Chicago Board Options Exchange) which trades in a number of options but is best known as the primary marketplace for options based on market indices such as the Dow Jones.
See also: List of stock exchanges, List of stock market indices
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Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Stock exchange."
Synonyms: Stock ExchangeSynonyms: securities market (n), stock market (n). (additional references) |
| Context | Synonyms within Context (source: adapted from Roget's Thesaurus). |
Mart | Ticker, stock ticker, quotation; stock index, market index, the Dow Jones Index, the Dow Industrials, the transportation index, utilities, the utilities index; the New York Stock Exchange index, the Nikkei index; the Financial Times index, the FTI, the over-the-counter index, NASDAQ index. |
Noun: stock market, stock exchange, securities exchange; bourse, board; the big board, the New York Stock Exchange; the market, the open market; over-the-counter market; privately traded issues. | |
| Source: adapted from Roget's Thesaurus. | |
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Source: compiled by the editor from various references; see credits. | |||
| Thumbnail | Description & Credit | Thumbnail | Description & Credit |
 | Front of New York Stock Exchange. Credit: CDC. |  | Gen. Charles T. Robertson, commander of Air Mobility Command and commander in chief of U.S. Transportation Command, led a group of senior officers from both commands on a visit to the New York Stock Exchange Oct. 20. The purpose of the visit was to examin. |
 | Former Stock Exchange (1854), Tomsk, Russia. Credit: Library of Congress Prints and Photographs Division Washington, D.C. 20540. |  | Stock Exchange building, New York City. Credit: Library of Congress. |
 | Japanese stock exchange reopens. Credit: Library of Congress. |  | New York Stock Exchange. Credit: Library of Congress. |
 | Stock exchange, Baltimore, Md. Credit: Library of Congress. |  | New York Stock Exchange, New York. Copy of map for slides. Credit: Library of Congress. |
 | Stock Exchange, New York City. From sub-treasury, vertical. Credit: Library of Congress. |  | They can do anything we let them get away with : anything -- we let them : Nagasaki Day -- Monday, August 9th, 10 AM, New York Stock Exchange. Credit: Library of Congress. |
Source: pictures compiled by the editor from various references; see picture credits. | |||
| Author | Quotation |
John Mortimer | The freedom to make a fortune on the stock exchange has been made to sound more alluring than freedom of speech. |
Source: compiled by the editor from various references. | |
| Author | Date | Quotation |
Treaty of Versailles | 1919 | Stock Exchange and Commercial Exchange Contracts. (reference) |
Source: compiled by the editor from various references. | ||
| Subject | Topic | Quote |
Business | Six Egyptian companies are traded on the London Stock Exchange. (references) | |
Information on credit worthiness is good in the case of the 150 companies listed in the local stock exchange and those that have issued debt paper. (references) | ||
Finally "Plaisio Computers" company after a successful entry in the Athens Stock Exchange Market opened a number of stores selling IT and telecommunication products. (references) | ||
Civil Liberties | Egypt | On June 12, the Public Prosecutor banned publication of news concerning an investigation of financial irregularities at the Cairo Stock Exchange. (references) |
Economic History | Chad | Cameroon recently established a stock exchange. (references) |
Honduras | Supervision of the stock exchange has been inadequate. (references) | |
Human Rights | Indonesia | Except for the case of the Stock Exchange bombing, no suspects were apprehended by year's end. (references) |
Indonesia | Two defendants suspected of involvement in the Jakarta Stock Exchange bombing, which killed 10 persons and injured dozens of others in September 2000, escaped from custody before they could be tried. (references) | |
Political Economy | SWEDEN | Foreigners may buy and sell any corporate share listed on the Stockholm Stock Exchange. (references) |
Trade | Portugal | Banks' shares trade freely on the stock exchange. (references) |
Switzerland | As members of the stock exchange in Zurich, they deal in securities. (references) | |
Kenya | The Nairobi Stock Exchange (NSE) is the only licensed trading exchange in the country. (references) | |
Travel | Cote D'ivoire | Other infrastructure includes modern supermarkets and hotels, a number of recognized international banks and a small but functional regional stock exchange. (references) |
Ghana | Corporate: The tax rate on all businesses is 32.5%, except for income from non-traditional exports (8%), hotels (25%), and 30% for companies listed on the Ghana Stock Exchange. (references) | |
Source: compiled by the editor from ICON Group International, Inc.; see credits. | ||
| Country | Name |
| Australia | Australian Stock Exchange Limited |
| (more examples...) |
Source: compiled by the editor from Icon Group International, Inc.
Expressions using "stock exchange": American Stock Exchange ♦ introduction on a stock exchange ♦ list on the stock exchange ♦ manipulation on the stock exchange ♦ N. Y. Stock Exchange ♦ New York Stock Exchange ♦ New York Stock Exchange index ♦ nouveau marché stock exchange ♦ quotation on the Stock Exchange ♦ Stock Exchange quotation ♦ stock exchange securities ♦ stock exchange transaction. Additional references. | |
| Source: compiled by the editor from various references; see credits. |
| The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com. |
| Language | Translations for "stock exchange"; alternative meanings/domain in parentheses. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Albanian | bursë (exchange, exhibition, fellowship, grant, grants, scholarship, stipend, stock market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Arabic | سوق الأوراق المالية (shares market, stock market, wall street), البورصة (exchange, stock market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Bulgarian | фондова борса (stock market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Chinese | 股票市 (stock market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Czech | penìžní burza, burza. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Danish | fondsbørs (exchange, stock market), børs (purse, wallet). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Dutch | beurs (purse, wallet). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Esperanto | borso. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Finnish | pörssi (bourse). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
French | bourse des valeurs (stock market), bourse (stipend). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
German | Börse (board, change, exchange, market, purse, stock market, wallet). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Greek | χρηματιστήριο (bourse, stock market, stockmarket). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hebrew | בורס" (exchange, stock market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Hungarian | értéktőzsde (exchange, stock-market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Indonesian | bursa. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Italian | borsa valori (exchange, stock market). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Kanji | 証券取引所 (securities exchange), 式取引所 . (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Japanese Katakana | しょうけ"とりひきじょ (securities exchange), かぶしきとりひきじょ. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Manx | boorse. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Norwegian | børs (purse, wallet). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Pig Latin | ockstay exchangeay bolsa de valores (exchange, stock market). (various references) bursã de valori. (various references) фондовая биржа (stock market, stock-exchange). (various references) berza (money market, stock market). (various references) bolsa (bag, bagful, Bursa, exchange, grip, handbag, hand-bag, handgrip, holdall, market, pocket, poke, pouch, prize money, purse, sac, stock market). (various references) fondbörs (stock market), aktiebörs. (various references) borsa (bourse, change, exchange, market, money market, rialto, share market, stock market). (various references) sở giao dịch chứng khoán. (various references) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Scrabble® Enable2K-Verified Anagrams | |
| Words within the letters "a-c-c-e-e-g-h-k-n-o-s-t-x" | |
-4 letters: cacoethes, exchanges. | |
-5 letters: acescent, acetones, cathexes, coagents, coenacts, cognates, cosecant, exchange, exsecant, geotaxes, hexagons, hoecakes, hotcakes, notecase, schnecke, seecatch, thenages. | |
| Source: compiled by the editor from various references; see credits. SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro. | |
| 1. Definition 2. Synonyms 3. Crosswords 4. Usage: Commercial | 5. Images: Slideshow 6. Images: Photo Album 7. Quotations: Familiar 8. Quotations: Historic | 9. Quotations: Non-fiction 10. Names: Company Usage 11. Expressions 12. Expressions: Internet | 13. Translations: Modern 14. Anagrams 15. Bibliography |
Copyright © Philip M. Parker, INSEAD. Terms of Use.
