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StanoG Posted 19 years ago
Business & Finance
Stock Exchange
0 Hi 05 0 00 My name is Stano, I'm from Slovakia and I need your help with one sentence ( 01 font 00 red 02 font 00 ) in the following paragraph: 02 br
02 br
00 "On the Chicago Mercantile Exchange (cme), an average of 5.2m options and futures contracts a day were traded in September 2005, 45% more than a year before. Daily volumes now sometimes brush 10m. And upheaval has become the norm. 01 font 00 Several exchanges have given up their old, mutual status in favour of a stockmarket listing 02 font 00 . Exchanges have merged with one another, looked for new markets for their products and developed new products for their markets. Be ready for more of all this in 2006." 02 br
02 br
00 I'm not sure I understand what the sentence is trying to say. 02 br
02 br
00 I also don't understand a part of this sentence: " 01 font 00 After a little reflection 02 font 00 , it ought to be no surprise that financial exchanges are as old as capitalism itself, and maybe a bit older." 02 br
02 br
00 I would really appreciate your help. 02 br
02 br
00 Stano 010id 1
02 br
00 "On the Chicago Mercantile Exchange (cme), an average of 5.2m options and futures contracts a day were traded in September 2005, 45% more than a year before. Daily volumes now sometimes brush 10m. And upheaval has become the norm. 01 font 00 Several exchanges have given up their old, mutual status in favour of a stockmarket listing 02 font 00 . Exchanges have merged with one another, looked for new markets for their products and developed new products for their markets. Be ready for more of all this in 2006." 02 br
02 br
00 I'm not sure I understand what the sentence is trying to say. 02 br
02 br
00 I also don't understand a part of this sentence: " 01 font 00 After a little reflection 02 font 00 , it ought to be no surprise that financial exchanges are as old as capitalism itself, and maybe a bit older." 02 br
02 br
00 I would really appreciate your help. 02 br
02 br
00 Stano 010id 1
Top answer
1 font 00 Several exchanges have given up their old, mutual status in favour of a stockmarket listing 02 font 00 . [from Wikipedia] Stock exchanges originated as 05 0 00 , owned by member stock brokers. There has been a recent trend for stock exchanges to 01 i 00 demutualize 02 i 00 , where the members sell their shares in an 05 1 00 .
- 1 font 00 Several exchanges have given up their old, mutual status in favour of a stockmarket listing 02 font 00 .
- [from Wikipedia] Stock exchanges originated as 05 0 00 , owned by member stock brokers.
- There has been a recent trend for stock exchanges to 01 i 00 demutualize 02 i 00 , where the members sell their shares in an 05 1 00 .
- org/wiki/Mutual_organizationc mutual organizations241c initial public offering
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2 Answers
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1 font 00 Several exchanges have given up their old, mutual status in favour of a stockmarket listing 02 font 00 . [from Wikipedia] Stock exchanges originated as 05 0 00 , owned by member stock brokers. There has been a recent trend for stock exchanges to 01 i 00 demutualize 02 i 00 , where the members sell their shares in an 05 1 00 . In
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0 Now it's absolutely clear to me. 05 0 00 Thanks for your help! 010id 1
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