What is "operate properly" for a stock market? For us Westerners, it means be fair and equal to everyone. But maybe for a less efficient country, it means movin

What is "operate properly" for a stock market? For us Westerners, it means be fair and equal to everyone. But maybe for a less efficient country, it means moving from peer-to-peer trades to centralized, which at least defines a unique trading value and is already better than multiple, independent, bilateral sales contracts.