A securities market is a healthy market where government, corporate, and semi-government securities are bought and sold.
Second-hand securities refer to bonds and shares that have previously been announced by the company.
Regulate securities trade- The exchange does not sell or buy bonds or shares on its own account. The broker or exchange member executes the trade on behalf of the company.
Only registered securities can be traded- Only listed securities recorded in the exchange office can be traded.
Transaction- Securities transactions can only be made through authorised brokers and members.
Recognition- It must be acknowledged by the central government.
Measuring device- It develops and indicates a company's growth and security in a stock exchange index.
All security transactions on the stock exchange are governed by exchange rules and regulations, as well as SEBI guidelines.

A stock exchange is a regulated marketplace where buyers and sellers trade securities like stocks, bonds, and derivatives. Key features include liquidity, enabling investors to buy and sell assets quickly; price discovery, where supply and demand determine fair market prices; and transparency, with real-time access to trading data. Stock exchanges ensure market integrity through strict regulations and oversight, protecting investors from fraud. They also provide a platform for companies to raise capital by issuing shares to the public. Additionally, stock exchanges offer diversification opportunities, allowing investors to spread risk across various assets. Modern exchanges leverage advanced technology for efficient trading, including electronic platforms and algorithmic systems. Overall, stock exchanges play a vital role in global economies by facilitating investment, capital formation, and economic growth.