Abstract
The financial markets are not only changing internally but also externally as blockchain starts to change the infrastructure landscape. The falling fees for investment management is creating a more accountable financial industry and forcing the stock market to also question its broader role in the society. Blockchain eliminates third party. Stock Exchanges are third parties. The idea of long term stock exchange, raised by Eric Ries in “The Lean Startup” were never so relevant. The author explores the historical context of stock exchanges and why they are not ready for the impending change. The foundation stones of the stock exchange business like liquidity and price discovery are worth revisiting in the blockchain context. The exchanges should get ready for disruption in their space and beginning of evolution of the stock exchange business in possibly less than a decade.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
