Can Digital Technology Make Self-Listed Firms More Efficient?

This article investigates if digital technology could allow corporations to trade their own shares more efficiently without the costs and unethical systemic dysfunctional governance processes introduced by Stock Exchanges? Some of the major Stock Exchanges trade their own securities, as do many other types of firms, illustrating that autonomous trading is a common and a viable option. Stock exchanges deny disclosing the identity of share traders that can be price sensitive information creating inefficiencies. Identity disclosure and other self-regulating corporate governance options are identified. The article recommends these options be tested in regulatory sandboxes created to promote financial innovations