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Author: Subject: What is a Stock Exchange?
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[*] posted on 23-1-2017 at 12:11 AM
What is a Stock Exchange?

A stock exchange, share market or bourse is an organization which provides "trading" facilities for stock brokers and traders, to trade shares of the listed companies and other financial instruments such as Term Finance Certificates (To raise finance) and Derivatives (To increase the depth of trading). Stock exchanges also provide facilities for the issue (listing), redemption (delisting) of securities and other capital events including the payment of income and dividends (in case of Profits for the company). Karachi Stock Exchange (KSE) is a modern market where trading takes place with electronic trading system called Karachi Automated Trading System (KATS), which gives the Exchange advantages of speed and minimum cost of transactions. Trades on an exchange are by members only.
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