exchange

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Exchange

Stock Exchange

A place, whether physical or electronic, where stocks, bonds, and/or derivatives in listed companies are bought and sold. A stock exchange may be a private company, a non-profit, or a publicly-traded company (some exchanges have shares that trade on their own floors). A stock exchange provides a regulated place where brokers and companies may meet in order to make investments on neutral ground. The concept traces its roots back to medieval France and the Low Countries, where agricultural goods were traded for cash or debt. Most countries have a main exchange and many also have smaller, regional exchanges. A stock exchange is also called a bourse or simply an exchange.

exchange


exchange

See swap.

Exchange.

Traditionally, an exchange has been a physical location for trading securities. Trading is handled, at least in part, by an open outcry or dual auction system.

Two examples in the United States are the New York Stock Exchange (NYSE), which has the largest trading floor in the world, and the Chicago Board Options Exchange (CBOE).

However, the definition is evolving. Traditional exchanges handle an increasing number of trades electronically, off the floor. Nasdaq and other totally electronic securities markets, without trading floors, have exchange status.

As a result, the terms exchange and market are being used interchangeably to mean any environment in which listed products are traded.

The term exchange also refers to the act of moving assets from one fund to another in the same fund family or from one variable annuity subaccount to another offered through the same contract.

exchange

see MARKET, BARTER.

exchange

  1. 1the transfer of the right to own or use goods and services. Exchange is necessary in specialized economies (see SPECIALIZATION). In simpler specialized economies, exchange can take the form of BARTER. In more complex specialized economies exchange is undertaken through MARKETS, where the right to own or use goods and services is bought and sold. See TRANSACTION.
  2. the means of financing the purchase of goods and services in a market. See MONEY, FOREIGN EXCHANGE.

exchange

Parties may exchange like-kind properties and not pay any income taxes at the time of the exchange but, instead, defer them until the later sale of the exchanged property. See 1031 exchange.

Exchange

A transfer of property for other property or services. Some exchanges produce currently taxable income while others can be structured so as to defer any tax liability.
References in periodicals archive ?
Comparisons between VT and RCT determined by gas exchange and acoustic analysis were made using repeated measures ANOVA, reproducibility was determined using paired t-tests and intraclass correlations (ICC).
The central component of the lung gas exchange simulator was a hinged bellows device ("artificial lung", Dual TTL type 1600, Michigan instruments inc, USA).
Most of the mean values of gas exchange parameters were normal to near normal except for diffusing capacity of the lung.
Ventilation/perfusion mismatch--An imbalance between air and blood at the interface of gas exchange
Their leaf tissue becomes very elastic during the warmer months, allowing growth and gas exchange to continue in quite dry soil.
The last seven branchings of the bronchioles where gas exchange occurs are called the respiratory zone.
Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha Group, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, BOX Options Exchange, Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, depository services, data products and other services to the global financial community.
Within the past decade, the Talk Test (TT) has been shown to be a useful surrogate of gas exchange thresholds in a variety of populations (Dehart-Beverley et al.
Obstetricians and gynecologists, anesthesiologists, neonatologists, maternal fetal medicine specialists, and other clinicians from North America, Israel, Australia, New Zealand, the UK, and South Africa examine aspects of fetal development, including maternal physiological adaptations to pregnancy, placental respiratory gas exchange, fetal circulation, fetal responses to hypoxia, and pharmacokinetics; fetal pharmacology; assessments of fetal outcome; and the impact of anesthetic interventions on the fetus and newborn, including anesthesia for cesarean delivery, analgesia for labor, the compromised fetus and mother (due to multiple pregnancy, preeclampsia, or fetal distress), trauma and resuscitation, and ethics and the law.
Insect herbivory can increase, decrease, or have no effect on leaf gas exchange (Andersen and Mizell 1987; Welter 1989; Schaffer and Mason 1990; Schaffer et al.
Although confirmation from large clinical trials is still to come, the diabetic disease seems to hit the pulmonary microcirculation as any other organ by increasing vessel wall thickness and impairing gas exchange, which leads to a measurable loss of function and respiratory efficiency.