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For our last business podcast, we talked about the big PLCs, the companies traded on the stock exchange.在上一期商业播客中，我们谈到了大型公众有限公司（PLCs），也就是在证券交易所上市的公司。

We're talking about the stock exchange. Richard, what is it?我们现在要谈的是证券交易所。Richard，它是什么？

The stock exchange is also called the stock market and essentially it is a market.证券交易所也叫股票市场，本质上它就是一个市场。

It's where the big companies, the shares in the big companies are bought and sold. Simple as that.在那里，大公司的股票被买卖。就是这么简单。

Now, Richard, I have to confess my image of the stock market comes from films where you often see scenes of people throwing their arms in the air and, you know, lots of pieces of paper.Richard，我得承认，我对股票市场的印象来自电影——你经常看到人们挥舞着手臂，还有满天飞的纸片。

It seems very mad. What's happening there?看起来很疯狂。那是怎么回事？

Well, that doesn't really happen anymore. That system is called an open outcry.嗯，现在基本不会那样了。那种方式叫“公开喊价”。

And basically these are the guys in the exchange buying and selling the shares. Only a certain number of people can do this in the old days.以前交易所里只有特定的人可以大声喊价买卖股票。

So the old days, they don't do that anymore? Not so much now.所以那是以前了，现在不再这样了？现在基本不这样了。

It's nearly all electronic trading.现在几乎全部是电子交易。

I know that there's the FTSE 100 and there's things like the Dow Jones. What exactly are they?我知道有富时100指数，还有道琼斯这样的指数。它们到底是什么？

Well, the FTSE 100 is basically the 100 biggest shares in the UK.富时100指数实际上是英国最大的100支股票。

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