Abstract
This paper deals with the organisational challenges faced by demutualised stock exchanges in view of the new age competition, more particularly dealing with conflicts of interest faced by listed stock exchanges, as the regulator and the regulated. Further, the paper analyses the primary regulatory functions of a stock exchanges contradicting with their profit-making objectives. It analyses the functioning of the self-listed Australian Stock Exchange and the current listing drive initiated by the Bombay Stock Exchange in India, in light of the Securities and Exchange Board of India notifications.
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