Having spent 12 years helping to build and operate stock exchanges, one of the first things I learned to do each morning was to determine whether anything new w

Having spent 12 years helping to build and operate stock exchanges, one of the first things I learned to do each morning was to determine whether anything new was going to be traded that day. This required a unique skill of being able to decipher the simple but cryptic daily announcements distributed by the primary listing exchanges. Over the years, patterns began to emerge which spawned many questions. What are ETFs and why are there so many? It was then that I noticed that there were as many removals as there were additions but the removals were companies and the additions were ETFs. Why is that? What did it mean? I joined LTSE to learn to understand these questions and many others. I believe we can create a new stock market with listing standards designed to let companies focus on the long term.