Electronic Exchange
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Description
Electronic exchange is a type of clearinghouse that matches buyers and sellers, the business process is similar to that of a stock exchange. Sellers offer goods at a given price through the electronic exchange, and buyers make offers to purchase over the same exchange. Price matches result in transactions from which the exchange takes a commission.
Concept Prerequisite
Wikipedia Reference
http://en.wikipedia.org/wiki/Electronic trading
Learning Material
Covered in Topic(s)
| Archived - E-Commerce and Web 2.0 and Social Networking |