Understanding the Stock Exchange

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Stock exchanges are meeting places for people interested in buying and selling stocks and bonds in a concentrated area. Pass stock certificates back and forth between traders at a stock exchange with information from a financial analyst in this free video on the stock market.

Part of the Video Series: Stock Market Tips & Facts
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Video Transcript

This is Roger Groh at Groh Asset. Today we're here to talk about stock exchanges and what they are. Well, whether you're trading hand to hand, passing certificates back and forth between two people, or you have multiple computers trading items back and forth, exchanges are just places to meet. Nothing fancier than that. What they offer, though, were concentrations, where people that were focused on one specific could meet, and as a result it became very efficient. To get in the door of these places, it usually takes a lot of money, where seats today on the New York Stock Exchange sell in excess of a million dollars. Now, is only stocks or bonds traded in the New York? Mostly. Commodities are traded on another exchange, and futures are traded on another exchange. So exchanges are just meeting places. Well, that's what they are and that's what they're for. I'm Roger Groh at Groh Asset, and thank you very much for spending time with me.

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