Stock Exchanges

What’s inside

• What is the primary function of a stock exchange?
• What does an exchange's market index generally measure?
• What is meant by a company's initial public offering (IPO)?
• Which mechanism most directly helps determine the trading price of a listed stock?
• The New York Stock Exchange is commonly abbreviated as the [____].
• A stock exchange's process of matching buyers with sellers is known as [____].
• A company whose shares are available for trading on a stock exchange is described as [____].
• The first day on which a newly issued stock can be traded on an exchange is called its [____].