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stock exchange share market bourse corporation mutual organization facilities redemption financial instrument capital events traded on stock brokers trades trade stock securities dividends shares issued units trusts bonds recordkeeping electronic networks cost of transaction initial offering by definition primary market subsequent secondary market stock market is driven |
фондова біржа фондова біржа (ринок акцій) фондова біржа (паризька) корпорація спільне підприємство послуги вилучення з обігу фінансові документи форми фінансування акціонерні події ті, що продаються біржовий маклер торги торгівля цінними паперами цінними папери дивіденд, частка випуск акцій трасти (концерн) облігації облік електронні мережі вартість торгової операції (угоди) початкова пропозиція за визначенням основний ринок послідовний вторинний ринок ринок цінних паперів керується |
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free market compulsion over-the-counter increasingly |
вільний ринок примус позабіржові відносини в більшості |
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A stock exchange, share market or bourse is a corporation or mutual organization which provides «trading» facilities for stock brokers and traders, to trade stocks and other securities. Stock exchanges also provide facilities for the issue and redemption of securities as well as other financial instruments and capital events including the payment of income and dividends. The securities traded on a stock exchange include: shares issued by companies, unit trusts and other investment products and bonds. To be able to trade a security on a certain stock exchange, it has to be listed there. Usually there is a central location at least for recordkeeping, but trade is less and less linked to such a physical place, as modern markets are electronic networks, which gives them advantages of speed and cost of transactions. Trade on an exchange is by members only. The initial offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market. A stock exchange is often the most important component of a stock market. Supply and demand in stock markets is driven by various factors, such as affecting the price of stocks.
There is usually no compulsion to issue stock through the stock exchange itself, nor must stock be subsequently traded on the exchange. Such trading is said to be off exchange or over-the-counter. This is the usual way that bonds are traded. Increasingly, stock exchanges are part of a global market for securities.
Exercise 1. Give the English for:
фондова біржа, спільне підприємство, випуск акцій, торгівля цінними паперами, послуги, біржовий маклер, вилучення з обліку, послідовний, вартість торгової операції, початкова пропозиція, облік, електронні мережі, облігації, позабіржові відносини, основний ринок, керується, за визначенням.
Exercise 2. Match words from list A with words from list B that have a similar meaning:
A B
stock exchange services
mutual organization price of deal
redemption off exchange
facilities share market
initial offering joint venture