46                                                      3

.       ,     -
.     ,   -
     ,       -
,      (liquidity}   .
        
        ,    
    .

   ,    (  -
    ),  ,    -
.         -
   ,       .   
      ,    
  ,     (,
,  ).       (organised
exchanges),        -
      .  , 
 ,  -  , 
     .

   

3.S.1    -  

   -   (NYSE)  
 ,   1366 .     
       . 
     ,     26 .
  12    ,  12   ,
  .      -
      ,   -
   ,   ,  
.

   ,      (seat) ( 
 )    2. ,   -
,     ,  , -
 .      ,   
,     , NYSE  ,   
   3.  ,     -
  NYSE.   ,      -
    (     ),
       ( 
 ),    .   
        NYSE.  ,
      ,       (member
firm).

,      ,   -
  (listed security).      NYSE, 
           -
 .   ,     ,