The exchange auctions. Stock exchange.

Below are the largest exchanges by capitalization level:
Name
Abbreviation
Index
Country
Capitalisation, $million.
New York Stock Exchange
NYSE
NYSE, DJIA, S&P
USA
11437 597
Tokyo Stock Exchange
TSE
NIKKEI, TOPIX
Japan
4455 348
London Stock Exchange
LSE
FTSE
Great Britain
2855 351
Euronext Stock Exchange
Euronext
FTSEurofirst 80
Europe
2382283
Paris Stock Exchange
Euronext
CAC40
France
502 952
Gruppe Deutsche Boerse (Frankfurt)
-
DAX
Germany
1432 167
Toronto Stock Exchange
TSE
S&P/TSX
Canada
789 180
In a case when transactions are small, it appears unprofitable to carry out them through large specialized stock exchanges. Such non-standardized transactions are carried out by means of a special way of exchange auctions realization. For this purpose there is a separate market segment. It is called retail (off-exchange) market (ÎÒÑ - market, Over the Counter trade market).
The exchange auctions are held not only for stocks and currencies, but also for the raw goods, such as non-ferrous metals, oil, sugar, wheat. The raw goods are traded more often through futures - contracts with delivery to the future date. The largest future exchange is in Chicago. Since recent time the exchange auctions are held using such tools as stock indexes. The most popular are the auctions on Dow-Jones average and the mini-contract on S&P index.