Jump to ContentJump to Main Navigation
What is an Exchange?Automation, Management, and Regulation of Financial Markets$
Users without a subscription are not able to see the full content.

Ruben Lee

Print publication date: 2000

Print ISBN-13: 9780198297048

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198297048.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 05 December 2019

Governance: Case Studies

Governance: Case Studies

(p.34) 3 Governance: Case Studies
What is an Exchange?

Ruben Lee

Oxford University Press

This chapter presents five case studies of various situations in which the governance structure of different exchanges has been at issue. A summary of the transformation (‘companization’) of the Stockholm Stock Exchange (SSE) into a for-profit firm is provided first. Next, a members' referendum that proposed to turn the Chicago Board of Trade (CBT) into a for-profit organization which was defeated is discussed. In the third part, a referendum that failed to transform the governance structure of the Chicago Mercantile Exchange (CME) is described. In the fourth part, the establishment of Stockbrokers Botswana (SBB) and the Botswana Stock Exchange (BSE) is outlined. Finally, a debate at the beginning of 1996 about the governance of the London Stock Exchange (LSE) is examined.

Keywords:   exchanges, exchange governance, governance structure, Stockholm Stock Exchange, Chicago Board of Trade, Chicago Mercantile Exchange, Stockbrokers Botswana, Botswana Stock Exchange, London Stock Exchange

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .