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MINI CASE: SAN PICO'S NEW STOCK EXCHANGE expert in the operation of secondary stock markets and have been retained as a consultant to the San

MINI CASE: SAN PICO'S NEW STOCK EXCHANGE

expert in the operation of secondary stock markets and have been retained as a consultant to the San Pico Stock Exchange to offer your expertise in modernizing the stock market.

(need the reference)

Question are:

Explain why in its present state the exchange may or may not be liquid.

Briefly discuss a regulatory framework needed to assure market integrity.

Discuss potential listing requirements.

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