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As everyone's pointing out, any exchange for trading securities falls under massive amounts of regulation. It's possible to navigate the legal morass, but will
by gcv 18y ago
As everyone's pointing out, any exchange for trading securities falls under massive amounts of regulation. It's possible to navigate the legal morass, but will require a group of lawyers with vast experience in securities law and regulations, preferably at the international level as well.
New exchanges have been created by private companies in the past, although typically (AFAIK) with large infusions of cash from major banks. IntercontinentalExchange (http://en.wikipedia.org/wiki/IntercontinentalExchange http://en.wikipedia.org/wiki/IntercontinentalExchange, http://www.theice.com http://www.theice.com) is an example, although it focuses on commodities, rather than stocks.
- gaius 18y agoIt happens all the time. Usually a consortium of banks who trade a lot with each other decide it's going to be easier to set up a separate organization to handle all their interactions. I worked on one a few years ago, Centradia, which was a private exchange that 5 banks used to pool liquidity for foreign exchange dealing. Thera are quite a few, and no-one outside the industry will ever have heard of them. A mate of mine's at Equiduct now.