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StanoG Posted 19 years ago
Business & Finance

Stock Exchange

0Hi 05000 My name is Stano, I'm from Slovakia and I need your help with one sentence (01font00red02font00) in the following paragraph:02br
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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. 01font00Several exchanges have given up their old, mutual status in favour of a stockmarket listing02font00. 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."02br
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00I'm not sure I understand what the sentence is trying to say. 02br
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00I also don't understand a part of this sentence: "01font00After a little reflection02font00, it ought to be no surprise that financial exchanges are as old as capitalism itself, and maybe a bit older."02br
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00I would really appreciate your help.02br
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00Stano010id1
  

Top answer

1font 00Several exchanges have given up their old, mutual status in favour of a stockmarket listing02font 00. [from Wikipedia] Stock exchanges originated as 05000, owned by member stock brokers. There has been a recent trend for stock exchanges to 01i 00demutualize02i 00, where the members sell their shares in an 05100.

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2 Answers
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1font00Several exchanges have given up their old, mutual status in favour of a stockmarket listing02font00. [from Wikipedia] Stock exchanges originated as 05000, owned by member stock brokers. There has been a recent trend for stock exchanges to 01i00demutualize02i00, where the members sell their shares in an 05100. In
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0Now it's absolutely clear to me. 05000 Thanks for your help!010id1
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