What is a Stock Exchange?
POMSoX, like other exchange around the world has been developed to meet two basic and complementary needs; a company need for funds and an individual's or company's desire to invest savings efficiently.
A Company, in our case POMSoX will conduct the operations of our stock Exchange.
The Exchange operates for the convenience of investors and is open during fixed hours each business day from 1O am - 4 pm during which business people, known as brokers (who are members of the Exchange) may make transactions either on behalf of their clients or as principals. The Exchange itself does not determine the buying and selling prices of shares; prices are determined entirely by supply and demand, as at any auction house. The Exchange does act to promote fair trading by collecting and supplying statistics and other information concerning the specific matters with which it deals, by publishing price quotations and by setting rules and standards for trading. It is a self - regulatory organization.
Purpose
The fundamental purpose of the Port Moresby Stock Exchange is to provide an internationally competitive "market" for the fair trading of Papua New Guinea financial securities which are quoted on the Exchange's official trading list and for derivative products based on those securities. The "market" provides the means by which investors and the users of capital can be brought together for their mutual benefit. These securities can be bought and sold on the market at competitive prices, which reflect current levels of supply and demand.
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