what is the stock exchange
The stock market desls with a different sort of commodity. the googs of sale , in themselves have no intrinsic use or worth stock and share certificate merely represent value and are envidence of your stake in the company
How can the stock market operate to ensure that there are always shares available to meet buyers' requirement and buyers available to meet sellers needs ? how can there be a market at all when the public all want to buy or sell at the same time?
in Britain this essential function used to be performed by a group of traders operating within the market who stood ready to buy or sell securities as principal at their own risk. the role played by these traders the jobbers constituted a unique festure of the british market.
since the computerization and reorganization of the london stock exchange brokerage firms have been entrusted with the role of market makers : by standing ready to bu or sell securities, they provide the constant flow of business that is needed to match supply and demand and thus ensure freedom of dealings.
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