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Do we have any indication that TXSE is arguing against the purpose or usefulness of the fence, or that they won't make thoughtful decisions about which pickets
by ToValueFunfetti 2y ago
Do we have any indication that TXSE is arguing against the purpose or usefulness of the fence, or that they won't make thoughtful decisions about which pickets to remove? This article just calls the diversity rules, which have (afaict) no bearing on the integrity of the market.
- bunderbunder 2y agoNo. But, for context, all I was trying to do when I accidentally started this whole side tangent was suggest that unbounded speculation that isn't tied to concrete, specific things is unlikely to be fruitful. As far as I can tell, the only specific thing that's been mentioned is not having an equivalent to NASDAQ's board diversity rule. Which doesn't seem like a _huge_ differentiator given that NYSE doesn't have one either? TBH though my first instinct is to say that I doubt their rules will be egregious, and in a market as large as the USA having a third national stock exchange probably wouldn't be a terrible thing. Markets generally benefit from healthy competition, even when some of the individual competitors aren't everybody's favorite.