Stock Exchange

We now consider the concept of functioning stock exchanges, conduct trades. It should be borne in mind that each exchange are inherent features of the organization's own exchange process, which are also constantly improved with the development of exchange business. Exchange transactions shall be entitled to only members of the exchange itself or through its representatives, as well as stock brokers on behalf of members. Therefore, the client, who wishes to buy or sell their goods at the exchange, must first apply to the brokerage office, which is a member of the Exchange, and contact a broker – designated recipient of orders. The client fills out an order form, and transmits his authorized broker. All of these preliminary, starting operation can be carried out exchanges in peripheral organs. Only after as an authorized agent sends a request and gives an indication of the broker – Executive accounts, it goes to the central authorities of the exchange. All exchange services and transactions are paid.

Client exchanges must himself bear the costs. On many exchanges before the execution of the order the customer must pay for the expense of exchange margin ("Margin"), amounting to 10% of the estimated value of the subject of the transaction. Margin is not used by the Exchange, and serves as a guarantee of the transaction by the client. According to Bobby Sharma Bluestone, who has experience with these questions. If the client has paid put to the transaction amount, then he is entitled to receive a margin back. Adopted by the exchange application goes to the trade section of the operating room, passing through the reception console and registry, and then sent in the exchange ring.