The core function of any exchange is a) to ensure fair and orderly trading, and b) the efficient dissemination of price information relevant to securities that trade on that exchange.
The Baltic Exchange is an exchange located in London, and is specifically for the maritime industry. In addition, the Baltic Exchange provides the day-to-day information on the shipping and freight industry to facilitate the trading of maritime stocks, as well as the settlement of physical and derivative contracts.
The Baltic Exchange is basically a maritime version of the New York Stock Exchange.
Related or Semi-related Video
Finance: What is After Hours Trading?1 Views
finance a la shmoop what is after-hours trading well, Wall Street really never [Group of people dealing stocks and shares]
does sleep the normal American stock market runs from 9:30 until 4:00 p.m.
New York time on weekdays so trades happening during that period of time are
just normal not after hours but like I don't know
just on hours....anyway after hours is [New York City becomes dark after hours]
different the city gets dark seemy characters roam the streets
trading stocks from building corners and alleyways yes or maybe not but at 4:01
p.m. after-hours trading begins it's not like a minute earlier there was demand
for a million shares a second to trade on the various primary stock exchanges
and then a minute later demand was zero demand continues always and shares do
trade after market hours more or less all the time the NYC and Nasdaq [People waving at NASDAQ[
exchanges are closed but there are lots of private exchanges or EC ends
electronic communication networks which trade 24/7 365 days a year
well trading is usually much smaller in volume after hours but that volumes [Trading decreases in size]
grown a ton in the last decade and the after-hours number is often useful to
gauge how well or poorly accompanies announced after 4:00 p.m. New York Time [Man reading newspaper]
quarter was received well the after-hours markets indicate almost
immediately and while not always right they give a sense for the direction that
the stock will open the following day on the main exchanges it's also a good time
to build a position secretly without lots of people inspecting on you
screaming out to the New York Stock Exchange I want 18 million shares of [Man screams for shares at New York Stock Exchange]
whatever.com...got it? so if you want to trade on those markets well, you fill
out some forms pay a small entry fee as you buy three large diet cokes and a [3 diet coke cans and a popcorn bucket]
bucket of popcorn and you think about the irony of having ordered your coke as
diet and then you can trade anytime you like yeah in your underwear too it's
kind of fun [Man standing in his underpants]
Up Next
What is the Arms Short Term Trading Index? The Arms Index is used to predict future market behavior. It gives investors an idea of what may happen...
What is program trading? Program trading refers to the use of computer algorithms to place and execute large volume, multiple buy and sell orders o...
What are position trading and swing trading? Get your mind out of the gutter. They're way more boring than they sound.