251–260 of 561 posts
Why did you feel the need to support trading of non-LTSE listed names on the LTSE? Are there novel order types or other trading mechanics coming down the pipe?
Suppose LTSE becomes a thing, and they find some companies that they can certify as Long-Term(TM). What stops those shares from being traded on some other exchange, eg BATS? What is it about the venue that makes it special? It seems that once an investor thinks a company has some desired characteristic, all they'd care about is where to get the shares as cheaply as possible.
Much like as an investor you'd think twice before purchasing an OTCBB share today, or perhaps 30 years ago pay more attention to the difference in listing requirements between Nasdaq and NYSE, I think that's what's intended here
PS. we are hiring: https://jobs.lever.co/ltse
> This is an opportunity to join a new stock exchange at a critical time in its development as our first IT Engineer First IT? Wait, how is the exchange running?
Do you think you'll see something like "ethical index funds" that index your exchange, and sell themselves to customers based on the rules of your exchange? And if so, when can I buy in?
(But I guess you could subscribe to our newsletter in the meantime... https://ltse.com at the bottom of the page)
How can an average investor buy stocks on this exchange? Will they be available in regular stock brokerages?
What is your view on the whole Derivatives issue? Because they seem to be very problematic as it seems that a small part of it is really used for useful business objectives (like hedging) but the vast majority of them is used as plain, bubble generating, gambling in the markets (as the subprime chaos in 2008). Will LTSE address this issue in any way?
Congrats! Aside from viewing volume, where can I see the individual stocks listed on the exchange? Also, as a side note, it would be interesting if you had an LTSE index fund!
None are listed yet. Give us a little time, it’s only Day One
For reference, whenever Uber/Lyft "open for business" in a new city, they don't just flip the switch to enable the app in an area. They work towards gaining a critical mass of drivers to ensure reasonable quality service levels, incentivize drivers to stay online as rides trickle in etc.
Or is this the "Lean Startup" approach to get a feel for the reception of the idea though I'd imagine that was done before you got started on building the product :)
Overall, I am very excited for what you're building and will watch out for more substantive updates! It is super cool that your team is working on challenging the status quo in an unconventional manner.
How would I buy a share of a company on LTSE today? Does any major online brokerage work with LTSE?
Congratulations. "We shape our buildings; thereafter they shape us." -- Winston Churchill Though I barely understand such things, I'm very excited by your LTSE and Katsuyama's Investors Exchange (IEX). Listening to your interviews about LTSE, my takeaway is that your goal is to allow companies to be judged on their own merits, instead of someone else's. So one side effect may be to help migrate private equity funded…
> I hope others see that our markets are designed. They are human artifacts. They are not natural laws to be accepted as-is. “Markets” are not the same thing as “the market”. Markets are human artifacts; the market is an emergent behavior. It’s governed by laws beyond our control as surely as the behavior of materials are governed by thermodynamics. If the behavior of your markets fails to match the reality of the ma…
If "the market" is a 2d array of 1 and 0 that emerges from a cellular automata, then "markets" are the rules for that automata. The human artifact defines the rules and incentives that cause the emergent behavior seen by aggregating all market participants.
There is no Platonic ideal "markets" independent of the human structures where they operate any more than you can define how fast a pendulum swings without specifying its length.