The Grand Exchange (also abbreviated as GE) is a trading system for players to buy and sell from each other almost every tradeable item. Members get six spaces in which they may trade items, but free players are limited to two. Traders don't need to advertise, meet each other, or even wait at the GE for their trades to finish. All coins and items from fully and partly finished trades are collectable at any bank, but not at bank chests (except the one in the clan wars lobby) or deposit boxes. Additionally, players will receive a message in their chatbox when the status of a trade offer is updated. This trading system resembles a real-life electronic assist exchange. Many players find it useful to sell items on the Grand Exchange rather than to a General Store, as the profit margin is much larger for useful items.
The GE also refers to the location of this trading system, which is an official marketplace northwest of Varrock city. It was released on 26 November 2007 and has since replaced the older marketplaces in Varrock and Falador cities. It is a popular place and usually crowded. The GE received a graphical update on 9 August 2011 giving it a brand new image and design, along with Edgeville. With this update, a musician was also added.