Commodity Quotes

Commodity Quotes

Stock-exchange quotation usually considered from two points of view:
• the quotation is the process (mechanism) of price discovery in the process of the exchange trade;
• the quotation is the handling of data on prices, which were established in the process of the exchange trade, their preparation for publication in the exchange bulletins or reports and submission of the tender participants.
The appearance of the price in the process of toga result of the interaction of registered traders, thus, the exchange only it identifies, objectively contributing to the formation of prices.
Exchange concentrates the demand and the offer on purchase and sale of securities, which defines the relationship between the current demand and current supply as a result of this reveals the price of the as an expression of time balance and the relative, but sufficient for the implementation of one or another of the transaction. The price at which deals are concluded and securities transferred from hand to hand, is called the exchange rate. That's why exchange rates are used as a guide for the conclusion of transactions in the stock exchange, as well as in the off-exchange turnover. In this case, naturally, «volley» the auction allows you to identify a single price, which will exist until the next «round», and continuous auction determines the ratio between the current demand (demand price - the highest price offered by a buyer) and the proposal for a security (bid price - the minimum price of the sale of a security).
Regulations and laws on stock exchanges, as a rule does not fix the procedure for establishing the exchange rate of securities. Depending on principles that form the basis of quotes, can be used by different methods of setting prices.
Usually in exchange bulletins are all the prices of transactions, and the only limit is the most completely characterizing the dynamics of prices in the course of the day. The limit is taken in the vertical and horizontal sections: the highest and the lowest in the continuation of the exchange day, the starting in the first minutes, and the closing price at the end of the day.
Analyzing the data of registration of transactions and the application of investors, quoted the Commission shall determine the upper and lower limits of prices for types of securities. The quoted Commission excludes not indicative of the market price.
The exchange price that would be included in the quotation list of at leading world stock exchanges is the closing price or the price of the last transaction. Therefore, in the mass media the following data characterizing the stock price.
What is the value as the exchange price for the world's stock exchanges? Closing price may not be the exchange due to the fact that transactions may not be, or the transaction will be the only one. So on many stock exchanges stock believe the weighted average price of the concluded deals, a more exchange rate believe calculated the average price on the basis of the average prices for the purchase and sale.
stock exchanges of economically developed countries of the West securities trading is conducted with the help of automated systems, that allows to several posts enter orders to buy or sell a stock. If they match for the price, the transaction is automatically executed and information o the conclusion of the transaction will arrive at the place of work (post), and also displayed on the Ticker - exchange apparatus, sending quotations of securities.

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