Define, What a Stock Exchange is?

How does one go about establishing a Stock Exchange, here in Pennsylvania?

{ 4 comments… read them below or add one }

semisnugzz May 7, 2010 at 3:37 pm

well basically, um, i’m thinking. i know what it is, but i cannot explain it.

ostrich911 May 7, 2010 at 4:34 pm

If you are asking about the Stock Exchange as in the New York Stock Exchange, this answer would apply.
A stock exchange is where stock is traded, stock meaning “shares of a corporation(usually a business) that has common shares (percentage of ownership in the corporation) of their business for sale to the public. Basically, there are sellers and buyers of these shares with traders on the floor of the actual exchange making the deals, also there is an automated stock exchange, the NASDAQ. The two other major stock exchanges are the American Stock Exchange and the New York Stock Exchange. As for as opening your own Stock exchange in Pennsylvania, I really could not give you advice. Good Luck!

oil field trash May 7, 2010 at 5:09 pm

A stock exchange is a clearing house where brokers match buyers and sellers of stocks.

You do not buy or sell stock though a stock exchange but rather through brokers who are members of the exchange or are connected to brokers who are members.

High Jack May 7, 2010 at 5:51 pm

stock exchange, organized market for the trading of stocks and bonds (see bond; stock). Such markets were originally open to all, but at present only members of the owning association may buy and sell directly. Members, or stock brokers, buy and sell for themselves or for others, charging commissions for their services. A stock may be bought or sold only if it is listed on an exchange, and it may not be listed unless it meets certain requirements set by the exchange’s board of governors. There are stock exchanges in all important financial centers of the world; the New York Stock Exchange (NYSE, in nearly continuous operation since 1792), which had a trading volume of $7.3 trillion in 1998, is the largest in the world. Tokyo, London, and Frankfurt also have major facilities, and Euronext, an inter-European exchange combining facilities in Amsterdam, Brussels, Paris, and other cities, is also significant.

http://www.answers.com/topic/stock-exchange?method=8

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