Reiffen, David; Robe, Michel - In: Journal of Futures Markets 31 (2011) 2, pp. 126-164
In the past decade, many of the world's largest financial exchanges have demutualized, i.e., converted from mutual, not‐for‐profit organizations to publicly‐traded, for‐profit firms. In most cases, these exchanges have substantial responsibilities with respect to enforcing various...