$BTC Securities and Exchanges

**Securities**:

- **Definition**: Financial instruments representing ownership rights or debts.

- **Types**:

- **Stocks**: A share in the ownership of a company.

- **Bonds**: A loan given to the issuer in exchange for interest.

- **Derivatives**: Their value depends on other assets.

**Exchanges**:

- **Definition**: A regulated market for buying and selling securities.

- **Examples**: New York Stock Exchange (NYSE), NASDAQ, Arab exchanges like Cairo Stock Exchange.

**Importance**:

- Providing liquidity, pricing assets, attracting investments.