...

,
:
1.
(. , , .)
2. (, ,
, , .)
3. - .

1.

() .

:
1. ,
2.
3.
.
, ,
:
1.
2. .

2.3 DEUTSCHE BORSE

.

:
1.
;
2.
; 3.
.

2.
2.1 - NYSE ( NEW
YORK STOCK EXCHANGE)

.
(NEW YORK STOCK EXCHAGE )
,
.

2 . 4 -T O K Y O
STOCK EXCHANGE

. 1878

121 , 25 .

CORES 1983 1999
1502
.

2.2 -LONDON
STOCK EXCHANGE

1802
850
13,3 .
,
. ,
,

.

2.5
- NASDAQ

NASDAQ (Ntional Associotion of

Securities Dealers Automated Quatations)

.
.
1.
.
2.
,
3. ,
, ,
.

2.6

1848

.
TA
. Taa 51 %
91 % .
1200 . 1983
Standard & Poor 100


, Globex2
.
.

3.

13 1995 12 , 3
4 , .
2001 .
.

..

, - (
140 ).
12 - 9 3
.

4.

,

.

17 .


.
,
20
.

4.1

, .
, ,

,
.

4.1

,
, :
1. (common stock)
.

.
;
2.

.
, .
,
.

.

. ,

.

.