The purpose of stock exchanges

A high-level dinner to discuss the working draft of our upcoming paper on ‘The purpose of stock exchanges’. The paper tries to reconcile the huge increases in liquidity and efficiency of equity markets over the past few decades with a structural decline in new issuance and the number of listed companies – and includes some challenging proposals to bridge that divide. This is the latest event in the ‘Purpose of Finance’ initiative on which New Financial is collaborating with Pension Insurance Corporation and David Pitt-Watson at Cambridge University.

The audience will be senior executives from the world of stock exchanges, equity markets, and investment.