eries

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301.
by eries 6y ago
Ask your broker. They are probably a member already.
302.
by eries 6y ago
Yes, the major broker-dealers and market makers are members of the exchange. You can route orders to LTSE via your existing broker, just call them up and ask them to do so. I believe Interactive Brokers, in particular, extends this privileg
303.
by eries 6y ago
Yes, there are incentives. But I object to your characterization of doing the right thing as "good boy points." Acting ethically and treating people right is its own reward _and also_ has been repeatedly shown to lead to outperfor
304.
by eries 6y ago
Yes, but I don't have anything to announce at this time.
305.
by eries 6y ago
Yes, all of our listed securities will be available in regular brokerages. If your current broker allows it, you can even ask them to direct trades to LTSE as opposed to another exchange. Although most retail brokerages do not allow custome
306.
by eries 6y ago
Yes, I hope so. I think if and when that happens, it'll be pretty big news. I don't think you'll miss it. (But I guess you could subscribe to our newsletter in the meantime... https://ltse.com at the bottom of the
307.
by eries 6y ago
I hadn't thought of parsing the sentence that way. We mean our first hire dedicated entirely to IT (as opposed to other forms of software engineering)
308.
by eries 6y ago
Just the opposite, we adopted a set of rules that we call the Very Simple Market (tm) (yes really). We have reduced the types of orders and removed all hidden liquidity. This isn't the best trading venue for all kinds of traders, but w
309.
by eries 6y ago
No, what you are describing is not currently legal in the US. We have to allow the stocks listed on LTSE to trade freely across the entire "National Market System" which includes dark pools and incumbent legacy exchanges. So in or
310.
by eries 6y ago
It is my hope that we will be able to reverse this trend by making the experience of being a public company dramatically better. It will take time to see this play out, just as it has taken time for us to get into this mess. But in the long
311.
by eries 6y ago
Curious to learn more about how this might work
312.
by eries 6y ago
Leaving aside some of your odd claims, I’m happy to answer the question. Our definitions and standards are laid out in excruciating detail in our hundreds of pages of legal filings. Here’s a good place to start if you are interested: https
313.
by eries 6y ago
We wanted to make it explicit that these issues must be addressed in the stakeholder policy. Mostly we did this to create clarity for the regulators as to where such disclosures will live. This language mirrors other SEC-approved rules, but
314.
by eries 6y ago
We are a RegNMS complaint exchange which means we don’t restrict trading or liquidity. We have found ways to make our reforms effective without having to go there
315.
by eries 6y ago
We have raised on the order of $90M so far. It cost us almost $20M to get to the initial regulatory approval I’ve answered about MVPs elsewhere in this thread but a big part of what made this possible is our superior cost structure due to b
316.
by eries 6y ago
No, that’s currently not legal in the US We focus instead on finding ways to differentiate the experiences of the “tourist” speculators from the “citizen” long-term investors
317.
by eries 6y ago
Yes. I don’t think any other platform is better suited to such companies
318.
by eries 6y ago
You’re looking at it. MVP doesn’t mean “fast” in some absolute sense. It just means fast compared to the underlying cycle time of the relevant industry. I think we did pretty well with this one. That said, there were many many many MVPs tha
319.
by eries 6y ago
Thanks
320.
by eries 6y ago
Thank you! I don’t mind being misunderstood for long periods of time, that kind of goes with the territory. But still, it’s nice to get a shot in the arm every once in a while
321.
by eries 6y ago
I don’t think multiples are the issue. The question is: are companies set up to support a philology of long-term decision making? Talk to almost any middle manager in any public company in America if you are confused about whether this is t
322.
by eries 6y ago
No one? At least a few people are clamoring for it, surely? There are some investors and companies that tune out the noise and try to make lasting change, making a dent in the universe, that kind of thing. I think they could use financial i
323.
by eries 6y ago
What makes you think I ever did the latter ;) In all seriousness, there’s no comparison. A regulated national securities exchange is one of the harder kinds of startups you can attempt. I’m pretty sure that over the long run equity prices a
324.
by eries 6y ago
Not yet
325.
by eries 6y ago
Not yet
326.
by eries 6y ago
Yes, compensation reforms are a key part of making this work. All sides need to come together for mutual gain, if we want to build better companies
327.
by eries 6y ago
Yes, we have the power to delist companies, although I hope it never comes to that. Shareholders would have their ownership protected in that scenario (as they still own common shares), same as any other company who was delisted from an exc
328.
by eries 6y ago
I’m not quite sure how to answer your question. Clearly there are long-term investors and companies in today’s markets. I think there would be more of them if they had a platform conducive to their philosophy.
329.
by eries 6y ago
Yes, all of our standards are enforceable, that’s part of the responsibility of being an SRO. When a company makes promises as part of listing on LTSE, the public can believe them
330.
by eries 6y ago
Thanks for the kind words

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