Exchange

(from late Latin bursa - wallet; Dutch beurs; German Borse;) - 1) a special form of wholesale trade - an organized and regularly functioning market in which wholesale purchase and sale of securities (stock B.), currency (currency B. .), goods sold according to standards or samples (commodity B.). B., playing the role of an intermediary in trade transactions, facilitates the establishment of contacts between sellers and buyers of goods and the formation of wholesale market prices through exchange trading. The profits of stockbrokers consist mainly of remuneration received from clients for transactions made for them, 2) a building where exchange operations are carried out.