Baltic Exchange

  

The core function of any exchange is a) to ensure fair and orderly trading, and b) the efficient dissemination of price information relevant to securities that trade on that exchange.

The Baltic Exchange is an exchange located in London, and is specifically for the maritime industry. In addition, the Baltic Exchange provides the day-to-day information on the shipping and freight industry to facilitate the trading of maritime stocks, as well as the settlement of physical and derivative contracts.

The Baltic Exchange is basically a maritime version of the New York Stock Exchange.

Find other enlightening terms in Shmoop Finance Genius Bar(f)