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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 ?
Alfa Laval, Doosan Heavy Industries & Construction, Kelvion, SPX Flow, and Xylem are the leading players in the global heat exchanger market.
The chemical segment dominated the heat exchangers market with the maximum share in 2015.
The exchanger was placed in the test section, which was an insulated box with connecting expansions and reduction diffusers to produce uniform flow and to provide bulk air properties according to ASHRAE Standard 84 at the inlet face.
Such was the case with one commercial rooftop packaged unit installed in 1986, which suffered heat exchanger failure because of a lack of routine system maintenance and age-related wear and tear (see Figures 2 and 3).
The pressure drop is increased by 10% for heat exchanger with 10[degrees] baffle cut angle and pressure drop is decreased by 11% for heat exchanger with 15[degrees] baffle cut, 17% for heat exchanger with 20[degrees] baffle cut and by 22% for heat exchanger with 25[degrees] baffle cut compared to segmental baffle heat exchanger as shown in Fig.
High purity standards and stringent environmental regulations and surging energy demand in this region drive the shell & tube heat exchangers market on a very large scale.
This research analyzes and estimates the performance and market of heat exchanger systems in the global scenario, providing detailed trend analysis of the market by geography and comprehensive analysis of companies that are dealing in heat exchanger systems.
Some of the leading players operating in the global heat exchangers market include Alfa Laval AB, GEA Group and Xylem Inc.
The heat exchangers in Alfa Laval's new tantalum range are stainless steel heat exchangers that have undergone a unique treatment where a thin layer of tantalum is metallurgically bonded to all surfaces exposed to corrosive media.
A standard Effectiveness-Ntu ([epsilon]-Ntu) method was employed (Incropera and DeWitt, 2001): for the PTB heat exchanger, [epsilon]-Ntu relation for a single-pass, cross-flow configuration with one fluid mixed and the other unmixed was adopted; for the baseline, [epsilon]-Ntu relation for a single-pass, cross-flow configuration with both fluids unmixed was adopted.
As a, service machine for every needle loom the automatic needle exchanger is suited for every service workshop.
Fagan went on to use analytical models to show that such maldistribution of air will have a profound impact on the performance of the heat exchanger.