Write a critical appraisal of how these developments have affected both users of exchanges and parties with indirect interests in the exchange’s operations.
Description The long–established ‘legacy’ stock exchanges of many leading jurisdictions have undergone rapid and profound structural changes since the early–1990s. In many cases these have been followed by radical shifts in control and ownership, the exchange’s direct or delegated regulatory responsibilities, new commercial objectives, and in heightened competition for sources of revenue with private ‘dark […]