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Exchange
Market Structure
O que significa
A marketplace where buyers and sellers meet to trade assets under shared rules. The NYSE and Nasdaq are stock exchanges; CME is a futures exchange.
Exemplo
When you buy 100 shares of AAPL, your broker routes the order to an exchange like Nasdaq, which matches your buy with a seller's sell and reports the trade back to both of you.
Erro comum de iniciantes
Beginners think their broker is the exchange. Most retail brokers route orders to exchanges or market makers; the broker is the middleman, not the marketplace.
Termos relacionados
- Broker — The company that holds your account, takes your orders, and routes them to exchanges. You …
- Market Maker — A firm that quotes both buy and sell prices and stands ready to trade on either side, earn…
- Order Book — A live list of all pending buy and sell orders at different prices. It shows the depth of …