WSE explainers

Learn about global markets

Short, factual guides that define the terms used throughout the directory and link every answer back to the relevant market profiles.

Foundations

What is a stock exchange?

Understand the role of organized markets, listing venues, trading, clearing and regulation.

Reference codes

Learn how ISO 10383 identifies operating markets and market segments.

Comparison

See how two major U.S. venues differ in market model and positioning.