he stock exchange corporation. Exchange Corporation is usually a limited company with public statements and a limited number of members.traders are organized associations of the goods, regulating and controlling their activities. Specified in the charter capital stock exchange is divided into a certain number of shares, or the so-called stock certificates. Each member must be the owner of at least one such certificate, which entitles you to the conclusion of transactions in the premises of the exchange. Modern commodity exchanges produce quoting prices, set standards for commodities, develop model contracts, fixed trade usages, performs arbitration functions make calculations between the members of the stock exchange and a variety of services to its customers.importantly, the quoting of prices: price fixing and publication, to identify as a result of exchange transactions on the stock exchange this meeting. It is a special body - the quotation Commission allocated Exchange Committee. The commission consists of a number of brokers and brokers, representing the largest speculators and monopolists in the industry.exchanges with public-law character of the organization price quotes made at the same rate. The essence of this kind of quotation is that during the final trading day of the transaction are not being drawn. At the end of the day of the exchange rate equilibrium is established, on which can be carried out most of the transactions and all transactions are made on this single exchange rate of the day. Single exchange rate provides a large public control over prices and the reliability of transactions. For sellers and buyers in the course of ascertaining the rate can change their conditions and thereby participate in the quote. This course ensures bidders failed to conclude transactions under the influence of rumors, emotions, and customers from dishonest behavior of intermediaries. The Stock Exchanges under private character of the organization applying for quotation on continuous exchange rate, ie when captured and marked in quotes each sufficiently large transaction.functions of a commodity exchangeCommodity Exchange (MTB), is a recognized center of world trade in a commodity, perform the following basic functions.
. Daily pricing for the commodity (Pricing). Trade at MTB instantly become known throughout the world thanks to modern means of communication and information. Thus, prices are an indicator of MTB supply and demand for a particular commodity at a given point in the world.
. Hedging (Hedging). This form of insurance is the price at which the product is sold or purchased in the future. Hedging is one of the primary functions of the Exchange for over a hundred years.
. Guarantee of delivery (guarantee fulfillment of the obligations under the contract) (Delivery). Guaranteed delivery of a physical commodity, bought or sold on the exchange, providing sufficient quantity of goods available in stock exchanges, as well as the creation of a special settlement system, the adoption of legislation on exchanges and the development of the rules of the transactions on the stock exchange, the control over the activities of stock exchanges with the public authorities.with the performance of its core functions, which have very important for the global trade in specific commodities exchange is an institution of the market economy, which offers ...
