1 Stocks and Financial Documents 1.
A stock exchange is a financial marketplace where stocks, bonds and securities are traded
at rates that are determined by the forces of demand and supply. Essentially, stock exchanges play two roles. Firstly, they are primary markets that enable governments, corporations and other institutions to raise capital by selling various financial instruments to investors. Secondly, they are secondary markets that allow investors to trade in their financial instruments for cash (Warren, Reeve, & Duchac, 2018). As a result of these two functions, stock exchanges facilitate the growth and expansion of organizations, provide an investment opportunity for investors and also provide several employment opportunities. In the United States, the two main stock exchanges are New York Stock Exchange (NYSE) and Nasdaq. The NYSE is based in Wall Street and was begun in 1817. With a market capitalization of over USD 30 trillion it is the largest stock exchange in the world. The NYSE trades over USD 170 billion daily. It is owned by Intercontinental Exchange. Nasdaq stock market was started in 1971 and is based in New York. Buy this excellently written paper or order a fresh one from ace-myhomework.com