Q.Explain the following term/concept in detail:
Stock Exchange
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Start your 14-day free trial to unlock the full solution →A stock exchange is an organised and regulated market in which listed securities — shares, debentures, bonds and other instruments — are bought and sold under prescribed rules. It is the central institution of the secondary market.
A stock exchange provides a ready and continuous market where investors can buy and sell securities safely and easily. Only securities that are 'listed' (that have satisfied the exchange's listing requirements) can be traded on it. Trading is done through registered members/brokers and now takes place electronically. The exchange functions under the regulation of SEBI, which ensures fair dealing and protects investors.
Key features:
- It is an organised market with a definite set of rules and regulations.
- Only listed securities are traded. …
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