Exchange

The marketplace in which shares, options and futures on stocks, bonds, commodities and indices are traded. Principal US stock exchanges are: New York Stock Exchange ( NYSE), American Stock Exchange ( AMEX) and the National Association of Securities Dealers ( NASDAQ)
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Chicago Mercantile Exchange Inc., including its divisions. Chicago Mercantile Exchange Glossary

* * *

I. exchange ex‧change 1 [ɪksˈtʆeɪndʒ] noun
1. [countable] FINANCE a market where goods, services, or shares are bought and sold, in return for money:

• the London International Financial Futures Exchange

• the London Metal Exchange

comˈmodity exˌchange [countable] FINANCE
a place where people can buy and sell raw products or materials such as grain or metals in large quantities:

• the Singapore Commodity Exchange

ˈfutures exˌchange [countable] FINANCE
a place where futures contract S (= contracts to pay a particular price for the delivery of a particular amount of something in the future) are bought and sold:

• At the Chicago Board of Trade, the world's largest futures exchange, total futures and options volume fell 9.7% last year.

ˈmercantile exˌchange [countable] FINANCE
a place where people meet to buy and sell things, often Commodities (= oil, metals, farm products etc):

• the Chicago Mercantile Exchange

ˈoptions exˌchange [countable] FINANCE
a market where option S are traded
ˈstock exˌchange [countable] FINANCE
a market where company shares are traded; = STOCKMARKET:

• Companies listed on the Madrid stock exchange dropped about 3% this year.

• the New York Stock Exchange

2. COMMERCE corn/​wool/​cotton exchange a large building in a town, that was used in the past for buying and selling corn, wool etc:

• an historic old corn exchange

3. [uncountable] also foreign exchange FINANCE the activity of buying and selling currencies; = FOREX:

• We have recently seen the removal of exchange controls (= limits on the amount of currency you are allowed to exchange ) .

• huge foreign exchange deals

• They also made healthy profits in their foreign exchange operations.

— see also exchange rate
diˈrect exˌchange
[uncountable] FINANCE when one currency is exchanged directly for another, without using that of a third country
ˈindirect exˌchange
[uncountable] FINANCE exchange between two countries using the currency of a third country
4. [uncountable] FINANCE money in the currency of a foreign country, for example money obtained through exports:

• When oil prices were depressed, Mexico made a great effort to promote manufactured exports as an alternative source of foreign exchange.

• The Suez Canal is one of Egypt's main foreign exchange earners.

5. [countable, uncountable] when you accept one thing in return for another:

• the exchange of goods and services

• Tickets cannot be accepted back for exchange or re-sale.

inforˈmation exˌchange [uncountable] COMPUTING
when information is passed between people or organizations, by means of computer equipment:

• We seek to promote information exchange between users and potential users of expert systems.

6. [countable] JOBS an arrangement in which two people from different countries, areas etc do each other's jobs for a period of time:

• He was on a six-month exchange at the factory where her father was works manager.

  [m0] II. exchange exchange 2 verb [transitive]
1. to give someone something and receive something in return:

• The new system allows marketing data as well as orders and invoices to be exchanged.

exchange something for something

• Around £2 billion is exchanged for chips in casinos every year.

2. COMMERCE if a shop or company exchanges something you have bought, they take it back and give you a new one, for example because the thing you first bought has a fault:

• The store will not exchange goods without a receipt.

3. if you exchange money, you get money in one currency for money in another:

• Where can I exchange my dollars for pounds?

4. exchange contracts PROPERTY to complete the final stage of buying a house or other property by signing a contract with the person you are buying it from:

• The firm had just exchanged contracts on a nine-acre site.

— see also exchange of contracts

* * *

   An exchange provides a safe environment in which market participants can trade. Regulated exchanges are like clubs in that they have approved members and a formal set of rules to govern members' behaviour.

* * *

Ⅰ.
exchange UK US /ɪksˈtʃeɪndʒ/ noun
[C] a place or organization where shares, currencies, commodities, etc. are bought and sold: »

Exchanges in France and Germany rose by about 2%.

»

As the demand for a stock rises and falls on the exchange, the price for the stock will fluctuate.

[U] MONEY, FINANCE the process of changing one currency for another: »

We offer commission-free exchange at our UK ports.

exchange of sth »

Deregulation prevented any barrier to the free exchange of currencies.

[C or U] an occasion when you give or return something to someone and they give you something else: »

If an item is faulty you are guaranteed a refund or an exchange.

exchange of sth »

You may request an exchange of any or all of your shares into another mutual fund in the group.

»

information/knowledge exchange

[C] an agreement in which two people or groups visit each other's home, place of work, or place of study for a short time in order to learn more about them: on an exchange »

There will be the opportunity to visit Germany on an exchange.

»

an exchange programme/visit/scheme

[C or U] COMMUNICATIONS an occasion when one person communicates with another, and the other person replies: »

There was an angry exchange at the meeting.

»

The e-mail exchange between them was released to the court along with other documents.

in exchange (for sth) — Cf. in exchange for sth
See also B2B EXCHANGE(Cf. ↑B2B exchange), BALTIC EXCHANGE(Cf. ↑Baltic Exchange), BILL OF EXCHANGE(Cf. ↑bill of exchange), CHICAGO BOARD OPTIONS EXCHANGE(Cf. ↑Chicago Board Options Exchange), COMMODITY EXCHANGE(Cf. ↑commodity exchange), CURRENCY EXCHANGE(Cf. ↑currency exchange), DIRECT EXCHANGE(Cf. ↑direct exchange), DUPLICATE OF EXCHANGE(Cf. ↑duplicate of exchange), ELECTRONIC DATA EXCHANGE(Cf. ↑electronic data exchange), FOREIGN EXCHANGE(Cf. ↑foreign exchange), FUTURES EXCHANGE(Cf. ↑futures exchange), INDIRECT EXCHANGE(Cf. ↑indirect exchange), INFORMATION EXCHANGE(Cf. ↑information exchange), INTERNATIONAL SECURITIES EXCHANGE(Cf. ↑International Securities Exchange), LONDON COMMODITY EXCHANGE(Cf. ↑London Commodity Exchange), LONDON METAL EXCHANGE(Cf. ↑London Metal Exchange), LONDON STOCK EXCHANGE(Cf. ↑London Stock Exchange), MEDIUM OF EXCHANGE(Cf. ↑medium of exchange), MERCANTILE EXCHANGE(Cf. ↑mercantile exchange), THE NEW YORK STOCK EXCHANGE(Cf. ↑the New York Stock Exchange), OPTIONS EXCHANGE(Cf. ↑options exchange), PART EXCHANGE(Cf. ↑part exchange) noun, PRIVATE BRANCH EXCHANGE(Cf. ↑private branch exchange), REGIONAL STOCK EXCHANGE(Cf. ↑regional stock exchange), THE SECURITIES AND EXCHANGE COMMISSION(Cf. ↑the Securities and Exchange Commission), SECURITIES EXCHANGE(Cf. ↑securities exchange), SHARE EXCHANGE OFFER(Cf. ↑share exchange offer), SINGLE-MINUTE EXCHANGE OF DIE(Cf. ↑Single-Minute Exchange of Die), STOCK EXCHANGE(Cf. ↑stock exchange), TELEPHONE EXCHANGE(Cf. ↑telephone exchange)
Ⅱ.
exchange UK US /ɪksˈtʃeɪndʒ/ verb
[T] to give or return something to someone and receive something from them: »

They shook hands and exchanged business cards.

»

If the goods are faulty you should be able to exchange them.

exchange sth for sth »

Under these schemes, shareholdings can be exchanged for units in a unit trust.

[T] FINANCE to change one currency into another: exchange sth for sth »

In this way we will save on the costs of exchanging euro for sterling and vice versa.

exchange sth into sth »

Larger hotels will exchange dollars into local currency.

[T] COMMUNICATIONS to communicate with someone who then replies: »

We exchanged a few words before the meeting began.

exchange sth with sb »

Users can create pages with photos and personal information, and exchange e-mail with other users.

[I or T] UK PROPERTY to sign a legal document with the person you are buying property from as the last part of the process of buying it: »

When you exchange, you must satisfy yourself that you are happy with the condition of the home you are moving into before you move.

»

We hope to exchange contracts next week.


Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • Exchange — may mean: * Trade or barter, the voluntary exchange of goods and/or services * Social exchange * Student exchange program or high school exchange * Exchange rule, from Mathematical Logic * The exchange (chess), the value difference between rook… …   Wikipedia

  • exchange — ex·change n 1 a: a giving of something of value (as real property) in return for something of equal value (as money or property of a like kind) b in the civil law of Louisiana: a giving of something of value in return for something of equal value …   Law dictionary

  • exchange — ex*change ([e^]ks*ch[=a]nj ), n. [OE. eschange, eschaunge, OF. eschange, fr. eschangier, F. [ e]changer, to exchange; pref. ex out + F. changer. See {Change}, and cf. {Excamb}.] 1. The act of giving or taking one thing in return for another which …   The Collaborative International Dictionary of English

  • exchange — [eks chānj′, ikschānj′] vt. exchanged, exchanging [ME eschaungen < OFr eschangier < VL * excambiare: see EX 1 & CHANGE] 1. a) to give, hand over, or transfer (for another thing in return) b) to receive or give another thing for (something …   English World dictionary

  • exchange — vb Exchange, interchange, bandy mean to give a thing to another in return for another thing from him. Exchange may imply a disposing of one thing for another by or as if by the methods of bartering or trading {exchange horses} {the hostile forces …   New Dictionary of Synonyms

  • Exchange — Ex*change , v. t. [imp. & p. p. {Exchanged}; p. pr. & vb. n. {Exchanging}.] [Cf.OF. eschangier, F. [ e]changer. See {Exchange}, n.] 1. To part with give, or transfer to another in consideration of something received as an equivalent; usually… …   The Collaborative International Dictionary of English

  • exchange — [n1] trade; deal barter, buying and selling, castling, change, commerce, commutation, conversion, correspondence, dealing, interchange, interdependence, interrelation, network, quid pro quo, rearrangement, reciprocation, reciprocity, replacement …   New thesaurus

  • Exchange — Ex*change , v. i. To be changed or received in exchange for; to pass in exchange; as, dollar exchanges for ten dimes. [1913 Webster] …   The Collaborative International Dictionary of English

  • Exchange — (engl., spr. Ekstschehndsch), Austausch, Umtausch, Wechsel, die Börse in London …   Pierer's Universal-Lexikon

  • Exchange — (engl., spr. ex tschēndsch), Austausch, Umtausch; Wechsel, Umsatz; Börse (s.d.) …   Meyers Großes Konversations-Lexikon

  • Exchange On —   [engl.], XON …   Universal-Lexikon

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