James is considering joining an electronic exchange so that his business can purchase needed supplies easily and possibly at better prices. James would prefer to join an exchange that is open to anyone in his firm's market space. Which type of electronic exchange is James considering

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20-04-2022
Business

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James is considering joining an electronic exchange so that his business can purchase needed supplies easily and possibly at better prices. James would prefer to join an exchange that is open to anyone in his firm's market space. Which type of electronic exchange is James considering

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Tundexi Tundexi · Answer 1 · 2022-04-29T17:34:44+02:00

The type of electronic exchange that James is considering as he prefer one that is open to anyone in his firm's market is known as an independent electronic exchange.

What is an electronic exchange?

This refers to a trading platform that allows the matching of buying and selling orders as well as price determination which are performed through a computer.

In conclusion, the independent electronic exchange is a platform which will allows the exchange to be open to anyone in the firm's market.