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So if you have a rare-earth metal commodity ETF that can be dug from the ground in conflict areas and have exchange markets in these wild areas, would the SEC d
by mahyarm 10y ago
So if you have a rare-earth metal commodity ETF that can be dug from the ground in conflict areas and have exchange markets in these wild areas, would the SEC deny that commodity ETF then because they wouldn't have surveillance-sharing agreements with those markets?
- remarkEon 10y agoYes. At least, that's my reading of this. Surveillance-sharing between markets appears to be a requirement.
- twic 10y agoWhy would the exchanges be in the areas where the metal is mined? The London Metal Exchange seems to do pretty well despite the scandalous lack of zinc mines or steel mills inside the M25.
- mahyarm 10y agoIn this hypothetical situation, lets say it's because the countries that the occur in want a cut of the proceeds, so they force the sale of these metals to be in their country. And instead of rare earth metals, lets say it's iron? Something that is mineable almost anywhere, kind of like bitcoin. So you would have exchanges with these agreements, but you would also have exchanges without the agreements.