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Mutually Owned Stock Exchange |
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Mutually Owned Stock Exchange A stock exchange owned jointly by members, which are usually the companies whose stocks are traded on the exchange. That is, when a company is listed on a mutually owned stock exchange, it becomes a joint owner of that exchange. These exchanges are nonprofit organizations. Some exchanges, such as the Chicago Mercantile Exchange, formerly were mutually owned but became for-profit, publicly-traded companies. See also: Demutualization. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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