An exchange is a marketplace where securities, commodities, derivatives, and other financial instruments are traded. Giving companies, governments, and other groups a platform to sell securities to the investing public, it also ensures fair and orderly trading, giving an efficient dissemination of price information. A stock exchange is used to raise capital for companies seeking to grow and expand their operations, it also provides various companies to use exchange to raise capital and enhance their profile. The exchange industry has been rapidly evolving with the main drivers being the demutualization of securities exchanges.