Exploring the Role of an Exchange
An exchange is more than a marketplace for buyers and sellers - it's a home for innovation. Discover how we bring companies to the public markets while keeping investor protection a top priority.
As part of our Purpose to advance economic progress for all, we are building upon our Smart Investing section, sharing our unique insights so that all investors can navigate the markets of today while saving and investing for tomorrow.
Explore our series
The Role of an Exchange
SPACs & Direct Listings
Whether it is a traditional initial public offering (IPO), special purpose acquisition company (SPAC) or direct listing, each route offers unique benefits and risks for companies and investors to consider.
The Facts on SPACs
Everyone is talking about SPACs -- Special Purpose Acquisition Companies. But what exactly are SPACs, and why have they suddenly become so popular?
Demystifying Direct Listings
Demystifying direct listings: What a direct listing is and how does it differ from a traditional IPO? We also explore the benefits and risks to companies and investors.
SPACS: 5 Key Questions
Evaluating SPACs is different than evaluating traditional IPOs, so you should consider five key questions that can help narrow down SPACs that fit your investment profile.
Understanding ETFs
$10,645.4 b
Global ETF AUM reached
From the end of October 2023 to the end of November 2023
We believe wholeheartedly that ensuring fair, secure and accessible markets for all is vital to creating strong economies that move the world forward.
Additional Resources
FINRA
FINRA is here to guide you through the investment process so you can make smart financial decisions, offering tips to help you manage your personal finances and set sound financial goals.
U.S. Securities and Exchange Commission (SEC)
From the SEC's Office of Investor Education and Advocacy, Investor.gov is your online resource to help you make sound investment decisions and avoid fraud.
Options Industry Council (OIC)
The OIC is dedicated to increasing the awareness, knowledge and responsible use of options by individual investors, financial advisors and institutional managers.
Commodity Futures Trading Commission (CFTC)
The CFTC's Office of Consumer Outreach continually strives to provide effective information and tools to help consumers avoid fraud.