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Demutualization of the exchange in the globalization process of the world economics

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Beloborodkо Alexandr M. Candidate of Economic Sciences  (alex_belob@mail.ru)

TGlobalization and the reduction of economic and financial barriers at the regional and international levels, the continuous emergence of innovative technologies, regulatory reforms and the evolution of investment decisions are causing the demutualization of stock exchanges around the world.

These factors increase the competition between stock exchanges for customers and strongly influence the markets. In response to the challenges of the modern financial world, most stock exchanges change their strategies, they change the nature of their activities and turn from non-for-profit organizations into for-profits ones: the stock exchanges merge with other regional and inter-national stock exchanges, which led to consolidation between stock exchanges in both the US and in Europe.

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