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> The survey comes as start-up 24 Exchange, backed by Steve Cohen’s Point72 Ventures fund, is seeking SEC approval to launch the first round-the-clock exchange.
by throw0101c 3y ago
> The survey comes as start-up 24 Exchange, backed by Steve Cohen’s Point72 Ventures fund, is seeking SEC approval to launch the first round-the-clock exchange. The filing is the second attempt for 24X, which withdrew a proposal last year over operational and technical issues.
I know it is quite common, but I always found it strange that The (Free) Market™—where stocks are traded—was itself a commercial entity and traded on the same exchange(s) that it ran.
* https://en.wikipedia.org/wiki/Intercontinental_Exchange https://en.wikipedia.org/wiki/Intercontinental_Exchange
* https://en.wikipedia.org/wiki/London_Stock_Exchange_Group https://en.wikipedia.org/wiki/London_Stock_Exchange_Group
- crazygringo 3y agoWhy are you putting "(Free)" and "™"? Any particular stock market is not "the" market or "the free" market. It's just one of many. There are lots of stock markets, and there are lots of other markets, from commodities to real estate etc. Companies sometimes list on multiple stock markets. And markets are generally private entities, though they sometimes involve government regulation around information accuracy, transparency, antitrust, etc. This isn't something unique or peculiar to stock markets. And sure they can trade on their own exchange. It's really not any different from how you can put "Google Trends" as a search topic into Google Trends.
- Spivak 3y agoI think the point is that if you didn't already know the way people talk about The Stock Market you would assume there was only one and that it was orchestrated by the government (perhaps via a private company partnership).