Was ist ein Wertpapier im Finanzmarkt?
securities are by themselves not ordinary "things" such as tables, chairs and billiard balls. They exist not even really in the financial market. Their existence is purely informative.
Only through the act of price fixing in reality they occur temporarily in appearance. Unlike to the usual measurements informative measurements are creative and they bring the true meanings of the entities only show that they measure, such as risk and value. 
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