Organized marketplaces and the infrastructure operators through which equities, derivatives and other securities are listed, traded and cleared, including the major national and regional exchanges. Belongs here: any institution whose primary function is operating a trading venue or clearing infrastructure for securities or derivatives. Does not belong here: bodies that regulate how exchanges and market participants must behave without operating a trading venue themselves, grouped under Regulatory and Standard-Setting Bodies, or agencies that rate the creditworthiness of issuers on those exchanges rather than trade their securities, grouped under Credit Rating Agencies.
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1. Stock exchange (Wikipedia)
WikipediaStock exchange, demutualization sectionQuote, Stock exchange, demutualization section
Stock exchanges originated as mutual organizations, owned by its member stockbrokers. However, the major stock exchanges have demutualized.
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