Physical location exchange

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Physical location exchange is an exchanges, such as the New York Stock Exchange, that facilitate trading of securities at a particular location.


Definitions

According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),

Physical location exchanges. Exchanges, such as the New York Stock Exchange, that facilitate trading of securities at a particular location.

According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),

Physical location exchange. Formal organizations having tangible physical locations that conduct auction markets in designated ("listed") securities.

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