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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 ?
France IX is the latest generation IXP based in France which offers Unicast and Multicast IPv4/IPv6 public peering, private peering (Closed User Groups), routes servers and a reseller program through various connection ports: 100 Mbps copper, 200Mbpbs (copper or optical), 1000 Mbps copper, 1 Gbps SX or LX, 2 Gbps and 10 Gbps LR.
The study, commissioned by the Internet Society and conducted by independent strategy and research consultancy, Analysys Mason, examined the critical cost and performance benefits of IXPs in Kenya and Nigeria - two sub-Saharan countries that have been on the leading edge of Internet growth in Africa.
While other major IXPs charge for interconnection, DET-IX is providing 1G and 10G switch ports free of charge.
An important gap between France IX and other IXPs in England, Germany and the Netherlands can still be spotted.
The country has eight major ISPs peering at the Malawi IXP but the policy was that only members could see the amount of traffic and activity.
2 and the 232MHz Intel IXP 1200 network processor are available now.
JPNAP, IIJ and NTT Com interconnected the routers and switches to test the interoperability of the physical and network layers, optical switches, routing exchange and redundant IXP topology at 100G speeds.
The desired outcome is to develop a pool of engineers that understand the technical aspects of local interconnections and capable of maintaining the day-to-day operation of the IXP.
Dr Adam Beaumont, MD of aql, one of the first founding members and host of the IXP said "We're excited to support IXLeeds and to play our part in making it happen.
The LINX NoVA Internet Exchange was the first IXP in the world to be certified by Open-IX and its presence in ACC5 will enable DFT's customers within the Ashburn Corporate Campus to access the peering platform.
In addition to setting a strong IXP in Paris, France-IX's goal consists of creating partnerships with IXPs in France and abroad, too.
The organizational standards that are being developed by the Association are divided into two subcommittees, Data Center and IXP.