There are now over 50 alternative exchanges that can facilitate equity trades much cheaper than the NYSE (NYX).

目前有50多家新兴交易所可以促成股票交易，所需的费用远低于纽交所。

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The corresponding figure in the Chinese equity markets is as low as 5.2%, less than one-tenth of the 68% average observed in six other selected exchanges.

而在中国股票市场，该比例为5.2%，远低于其他6个国家股票交易所(经选择)平均数68%的十分之一。

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The pricing pressures appear to be only in the commodities that are traded on the equity exchanges!

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Even if they are, says Ben Van Vliet, a professor at the Illinois Institute of Technology, the equity exchanges will likely shut down the activity soon.

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Since listing their equity interests on stock exchanges, these private equity firms have had to become responsive to this new constituency.

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