(i) A number of new structures have been added to the existing structure of the Indian stock exchange.
(ii) Recent Development in Stock Exchange
1) National Stock Exchange of India Limited (NSE)
2) Stock Holding Corporation of India Limited (SHCIL)
3) National Clearing and Depository System (NCDS)
4) Securities Trading Corporation of India (STCI)

Speculators are classified in to four types : 
(i) Bull
(ii) Bear
(iii) Stage and
(iv) Lame duck
 

(i) Brokers are commission agents, who act as intermediaries between buyers and sellers of securities.
(ii) They do not purchase or sell securities on their behalf.
(iii) They bring together the buyers and sellers and help them in making a deal.
(iv) Brokers charge a commission from both the parties for their service.

Renmisier is an agent of a nember of a stock exchange. He obtains business for his principal i.e, the member. He gets a commission for that service. He is called Remiser.

(i) The Bombay Stock Exchange.
(ii) The Ahmedabad Stock Exchange
(iii) Bangalore Stock Exchange Ltd.
(iv) The Calcutta Stock Exchange
(v) The Madras Stock Exchange
 

According to Husband and Dockerary, "Stock exchanges are privately organized markets which are used to facilitate trading in securities."

Stock Exchange is an organised market for the purchase and sale of industrial and financial security. It is an organised market for buying and selling of corporate and other securities. It is also called as stock nnarket or share market.