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If that's the case, things are so efficient that things will spill over in those ways, why not open the exchanges to everyone. Anyone should be able to list a c
by marshallp 14y ago
If that's the case, things are so efficient that things will spill over in those ways, why not open the exchanges to everyone. Anyone should be able to list a company for zero cost, and anyone can purchase stock in anything for zero cost and no net worth requirements. The competitivness of the market will sort it all out.
- ArchD 14y agoUnfortunately, Nasdaq and NYSE are not charitable organizations. They are for-profit companies. Why don't you go ahead and make history by creating the type of exchange you described? I don't see how the law would intrinsically stop you, though the economics of running a company might.