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Day‑0 Markets: What a Stock Exchange Is and How a Trade Really Happens

Markets: What a Stock Exchange Is and How a Trade Really Happens

KAHROS Team

TL;DR

Quick Summary

  • A stock exchange is a rule‑based venue that matches buy and sell orders using electronic systems.
  • Your brokerage app submits orders; exchanges and other venues are where bids and asks meet to form prices.
  • Market orders accept the best available price now; limit orders wait for a target price or better.
  • Visible confirmations are usually quick, but final settlement generally takes a couple of business days in many markets.

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