I fully understand the purpose behind it, and support the platform given it would be impossible for modern security trading to take place otherwise, but the lack of transparency is what I find concerning.
It'd be more appropriate for it to be like Saudi Aramco. 98% owned by the banks and stock exchanges, as it supposedly is (Which I doubt is true), and then have like 2% available for purchase to the general public so they have to disclose all of their information due to technically being a publicly traded company.
Instead, there's an absurd amount of secrecy surrounding them and we're expected to just take the government and banks word on the matter.
I fully understand the purpose behind it, and support the platform given it would be impossible for modern security trading to take place otherwise, but the lack of transparency is what I find concerning.
It'd be more appropriate for it to be like Saudi Aramco. 98% owned by the banks and stock exchanges, as it supposedly is (Which I doubt is true), and then have like 2% available for purchase to the general public so they have to disclose all of their information due to technically being a publicly traded company.
Instead, there's an absurd amount of secrecy surrounding them and we're expected to just take the government and banks word on the matter.