A stock is a certain type of security that shows ownership of a particular company and gives the holder a right to a part of the company's assets. A stock is a share of a specific company. The word shares is used when referring to shares of multiple different companies, while the word shares is used when referring to a specific share of one company. A stock exchange is the market where stocks, bonds and other types of financial assets are traded. This is the “place” where stock buyers connect with sellers. There are many different ways to trade stocks. One way is through an auction exchange. For this exchange, specialists (a human intermediary) must be physically present on the stock market. Each of the specialists specializes in a specific type of shares and buys and sells the shares during the auction. The New York Stock Exchange is especially famous for such auctions. However, the auction-based exchange competes with electronic stock exchanges. An electronic stock exchange is exactly what it sounds like, it is a stock exchange where...