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exchange definition - finance
An organized market where stocks, commodities, futures, and options contracts are sold. Exchanges bring together brokers and dealers who buy and sell securities. Well-known stock exchanges are the New York Stock Exchange and the NASDAQ. However, there are hundreds of less well-known exchanges throughout the world, such as the Minneapolis Grain Exchange.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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