So LTSE is like a private investors club for companies with "long term purpose"? But as the FAQ says the companies have to already be listed on the NYSE or Nasdaq. So if you can access LTSE trading, you'll be able to arbitrage the stocks, which sounds completely antithetical to the idea of LTSE but how do they stop it?
By having nearly no volume to begin with. Many US stocks are listed across many of the ~13 US exchanges, so what you're describing is already the status quo. According to RegNMS regulations, traders cannot trade through protected quotes, and so trading firms already have to be aware of the prices on all US exchanges.
But LSTE has so little volume, that you frankly forget they exist most of the time.
The exclusivity and (assumed) low volume is what made me think of arb opportunities in the first place :) I doubt I'll be getting an invitation to trade.
Comments
So LTSE is like a private investors club for companies with "long term purpose"? But as the FAQ says the companies have to already be listed on the NYSE or Nasdaq. So if you can access LTSE trading, you'll be able to arbitrage the stocks, which sounds completely antithetical to the idea of LTSE but how do they stop it?
By having nearly no volume to begin with. Many US stocks are listed across many of the ~13 US exchanges, so what you're describing is already the status quo. According to RegNMS regulations, traders cannot trade through protected quotes, and so trading firms already have to be aware of the prices on all US exchanges.
But LSTE has so little volume, that you frankly forget they exist most of the time.
The exclusivity and (assumed) low volume is what made me think of arb opportunities in the first place :) I doubt I'll be getting an invitation to trade.
I haven't tried, but I believe that upon request, your brokerage firm will direct trades to LTSE or any venue of your choosing.