Please use this identifier to cite or link to this item: https://hdl.handle.net/1959.11/62139
Title: Management of stock exchanges: Automation and demutualisation
Contributor(s): Yarram, Subba Reddy  (author)orcid 
Publication Date: 2007-10-01
DOI: 10.4324/9781351280242-15
Handle Link: https://hdl.handle.net/1959.11/62139
Abstract: 

Developments in information technology have truly revolutionised the activities of stock exchanges all around the world. Their scope of activities appears to have been limited to providing effective order processing and matching mechanisms. However, new services have emerged, in the form of clearing corporations and depository services, which have been entrusted with the responsibility of managing clearing and settlement functions. Stock exchanges have widened their reach with automation and this has certainly helped in reducing order fragmentation. Contemporary stock exchanges can now rightly focus on provision of fair trading and investor education services. However, this calls for significant investment in infrastructure specifically investment in information and communication technology. The need for resources has pushed stock exchanges to reorganise themselves as 'for profit' organisations. The demutualised stock exchanges have realised benefits of separation of ownership and membership and have harnessed financing flexibility, necessary for responding to evolving knowledge economy.

Publication Type: Book Chapter
Source of Publication: World Sustainable Development Outlook 2007: Knowledge Management and Sustainable Development in the 21st Century, p. 172-180
Publisher: Routledge
Place of Publication: London, United Kingdom
ISBN: 9781906093020
9781351280242
Fields of Research (FoR) 2008: 150303 Corporate Governance and Stakeholder Engagement
Fields of Research (FoR) 2020: 350717 Stakeholder engagement
350701 Corporate governance
Socio-Economic Objective (SEO) 2008: 910402 Management
Socio-Economic Objective (SEO) 2020: 150302 Management
HERDC Category Description: B1 Chapter in a Scholarly Book
Editor: Editor(s): Allam Ahmed
Appears in Collections:Book Chapter
UNE Business School

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