Exchange-traded funds resemble index-oriented mutual funds and trade on an exchange like a stock.

ETF类似于指数型共同基金，也像股票一样在交易所上市交易。

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Because brokers and market makers trade stocks directly instead of on the floor of a stock exchange, NASDAQ is called an over-the-counter market.

由于股票交易是由经纪人和市场期票出票人直接进行，而不是在股票交易大厅内进行的，因此，纳斯达克(NASDAQ)被称为买卖双方直接交易市场。

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Because brokers and market makers trade stocks directly instead of on the floor of a stock exchange, NASDAQ is called an over-the-counter market.

由于股票交易是由经纪人和市场期票出票人直接进行，而不是在股票交易大厅内进行的，困此，纳斯达克(NASDAQ)被称为买卖双方直接交易市场。

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Like other corporate entities, they issue a fixed number of shares, which investors can then trade on an exchange.

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The shares don't trade on an exchange, and they aren't transferable, except to family members, by gift or in the event of death.

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