Exchange
An Exchange is a regulated marketplace where stocks, bonds, and other securities are bought and sold.
A stock Exchange, such as the NSE or BSE in India, provides the infrastructure and rules for buying and selling listed securities in a fair and transparent manner.
Key points:
Companies list their shares on an exchange after an IPO
Exchanges are regulated by SEBI to protect investors
Provide real-time pricing based on demand and supply
Example:
After an IPO, a company's shares start trading on an exchange like the NSE, where investors can buy and sell them freely.