stock exchange - II. INTRODUCTIONStock exchange is a market where

A stock exchange is a vital financial marketplace where various securities, like stocks and shares, are bought and sold. It provides a structured environment for investors to trade existing securities and for companies to raise capital. This market is broadly divided into primary and secondary segments, each serving distinct purposes in the financial ecosystem.

What is a Stock Exchange?

An organized stock exchange is a formal institution designed for the systematic buying and selling of approved securities. For a stock exchange to function effectively, it typically requires:

• An association of individuals or firms to regulate and oversee transactions.
• Clear rules, regulations, and standard practices to govern all trading activities.
• Authorized stockbrokers who facilitate transactions.
• A physical