'''Bursa''' adalah sebuah pasar yang sangat terorganisasi: yang mempertemukan pembeli dengan penjual tanpa mereka tahu siapa lawan transaksi mereka. Bursa (terutama) menjadi tempat perdagangan [[efek]], [[komoditas]], [[mata uang]], [[efekdan kontrak berjangka]], dan kontrak hak beli/jual<!--options contracts-->. Sebuah bursa mempertemukan pembeli dengan penjual tanpa mereka tahu siapa lawan transaksi mereka. <!-- These various [[financial instrument]]s can typically be sold either through the exchange, typically with the benefit of a [[clearing house (finance)|clearinghouse]] to cover defaults, or [[over-the-counter (finance)|over-the-counter]], where there is typically less protection against counterparty risk from clearinghouses<ref>[http://beginnersinvest.about.com/od/stocksoptionswarrants/a/over-the-counter-options.htm Over-the-Counter Options]. About.com.</ref> although OTC clearinghouses have become more common over the years, with regulators placing pressure on the OTC markets to clear and display trades openly.<ref>[http://fixglobal.com/pdfs/201003/IN2_FIXGlobal.pdf OTC Clearing 'FIX'ed Up!]. Fix Global.</ref><ref>[https://www.theice.com/publicdocs/ice_trust/Global%2520Investor%2520Magazine.pdf A Focus on OTC Clearing Innovation]. [[IntercontinentalExchange]].</ref> -->
