The stock market is a part of the capital market. On the stock market, the company's shares are ( shares) traded. A distinction must be exchange-traded shares in the company and the free market ( gray market ), in which shares can be traded, which are not quoted on the stock exchange.
The economic importance of stock markets, and contrary often applied studies are difficult to read on the outstanding market capitalization of all shares, which is subject to a strong fluctuation and evaluation on the other hand is not the be - or outflowing cash flows. A better measure of the importance accordingly, the volumetric inflows and outflows in a corresponding period. As a reference value be paid to the inflows and outflows to the bond market.