What is demutualisation of stock exchanges?
Demutualisation refers to the transition process of an exchange from a mutually-owned association to a company owned by shareholders. In other words, transforming the legal structure of an exchange from a mutual form to a business corporation form is referred to as demutualisation. The above, in effect means that after demutualisation, the ownership, the management and the trading rights at the exchange are segregated from one another.
