The task of a securities exchange is – to bring together supply and demand = market function, – to provide an environment in which an orderly issue of securities can take place = mobilization function, – to ensure that securities can be sold and transferred at any time = substitution function, and – to determine the current market price for the individual security = valuation function. The same applies to other stock exchanges.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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