Web site http://Commodity Exchange
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If at the beginning of the existence of exchange was understood as a kind of place for deals, but now it is perceived as a complex organism containing
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If at the beginning of the existence of exchange was understood as a kind of place for deals, but now it is perceived as a complex organism containing the information. A curious study in the classification of stock exchanges held a prominent scientist A. Filippov, studying commodity exchanges at the dawn of the twentieth century. He identified four main types of commodity exchanges based on two conditions: - The level of state intervention in the sphere of exchange operation; - Forms of organization of exchanges or of open or closed markets. Commodity exchanges of type 1 - it is open to all meeting. They either do not have any legislation that would govern their operation, or it's management was very limited. The government assumes the functions of a general surveillance of the order on exchanges. Everyone could become a member trades on the stock exchange, stock exchanges and the building was granted or the Government, or inflicting company. Exchanges of this type existed in the Netherlands and in Belgium and France. The second type of exchange - is to diversify the country is governed by the meeting. Activities Exchange patrolled by law and, moreover, is under the strict control of the administration. Visitors and members of the exchange are not organized into associations, such exchange is a collection of open-end and Exchange Committee members are not appointed by the exchange, and appropriate public inspection. This type was attributed most of the German stock exchanges, except were the cities of the Hanseatic Stock Exchange in the agreement. The third type of exchange - Exchange closed, and yet fully regulated by the state. In this case, members of the exchange trading connected to the corporation and Exchange Committee is elected from among the participants. This committee is fully subject to state authority. Also as in the second case, the operation of exchanges is established by law and is under the administrative control. In many cases, in addition to participants of the exchange traded corporations are allowed visitors, but most often, a special pass and with limited rights. The final type of exchange - a free corporation or private enterprise. In this case, the commodity exchange is created without any assistance from the State and is a non-state company, which is identified with the exchange (this is happening in America and in some cases in the United Kingdom), or the company one of its objectives determine the content and the LSE (misty Albion). Special Exchange Act in this case might not be, or whether it is very limited. Manual Exchange performs Exchange Committee, which is endowed with large-scale power and is elected by the general meeting of members of the exchange. This type of commodity exchange is, of course, closed. In the historical formation of the exchange can be defined 3 stages of development of commodity exchanges in our state: before the Revolution, the years of the NEP and the contemporary stage.
















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