An exchange is a marketplace where buyers and sellers trade financial instruments such as Stocks, Commodities, Forex, or Cryptocurrencies. Exchanges can be centralised, like the New York Stock Exchange, or decentralised, such as blockchain-based platforms. They provide structure, transparency, price discovery, and liquidity. Most exchanges have listing requirements and operate under regulatory oversight, ensuring a level playing field. Traders and investors use exchanges for secure order execution and access to real-time market data. Some exchanges cater to institutional clients, while others serve retail participants. Choosing the right exchange depends on the asset type and trading objectives.
Example:
Stocks are bought and sold on regulated exchanges such as major national securities markets.
