Re: stock exchange question
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But eventually some buyer raises his bid price to the ask, or some seller lowers his ask price to the bid, and finally some shares exchange hands.
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Ok, understood. Now, how is the price that we see, for exapmle, a stock chosen. Simple answer is buy a buyer or seller, but which buyer or seller is posting that price? Is it the CFO of a company? More specifically, what buyer is deciding the price of a stock at any given time. And also, do you think there will be a big enough demand for a stock broker in 5-10 years with the convenience of online trading?
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