Trieste (/triːˈɛst/; Italian pronunciation: [triˈɛste] listen (help·info); TriestineVenetian: Trièst; Slovene, Croatian: Trst; German: Triest) is a city and seaport in northeastern Italy. It is situated towards the end of a narrow strip of Italian territory lying between the Adriatic Sea and Italy's border with Slovenia, which lies almost immediately south and east of the city. Trieste is located at the head of the Gulf of Trieste and throughout history it has been influenced by its location at the crossroads of Germanic, Latin and Slavic cultures. In 2009, it had a population of about 205,000 and it is the capital of the autonomous region Friuli Venezia Giulia and Trieste province.
A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies, unit trusts, derivatives, pooled investment products and bonds.
To be able to trade a security on a certain stock exchange, it must be listed there. Usually, there is a central location at least for record keeping, but trade is increasingly less linked to such a physical place, as modern markets are electronic networks, which gives them advantages of increased speed and reduced cost of transactions. Trade on an exchange is by members only.
The initial offering of stocks and bonds to investors is by definition done in the primary market and subsequent trading is done in the secondary market. A stock exchange is often the most important component of a stock market. Supply and demand in stock markets are driven by various factors that, as in all free markets, affect the price of stocks (see stock valuation).