It is often said that the business of America is business, and probably the best exemplifications of that old truism are the nation's stock exchanges. To be sure, not only stock, but bonds, options, commodities, futures, and a whole plethora of instruments are traded daily in exchanges large and small, in a seamless web straddling the country, if not the world.
Anthony M. Sabino,
Awarding Punitive Damages in Securities Industry Arbitration: Working for a Just Result,
U. Rich. L. Rev.
Available at: http://scholarship.richmond.edu/lawreview/vol27/iss1/4