The Long-Term Stock Exchange, an attempt to create an alternative to the NYSE, NASDAQ, and other exchanges, said Friday it had recruited a board of directors and begun tests of its trading platform.
Ries said the LTSE will offer lower fees and simpler operations than other exchanges, and will not be aimed at high-frequency traders. The LTSE, masterminded by "The Lean Startup" author Eric Ries, was designed as a counterweight to short-term business planning by company leaders. The alternative stock market plans to require listing companies to make commitments to their investors to focus on long-term thinking and long-term growth.
"You have double uncertainty," Ries said. "You have to be real enough for companies to take you seriously. And then the timing of their going public, IPO, or direct listing has to be such that they would want to do that."
A world is full of technology.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside Citadel's big 2020: Strong performance across 5 strategies - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Disgusting greed
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Meghan Markle and Prince Harry's new life in Los Angeles - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Harry has rejected the traditional role of Court Buffoon which the courtiers and press have forced onto “spares” in the past. William will have to earn his respect without a manufactured “foil”. And who cares? We're so beyond, 'lifestyles of the rich and kinda famous.'
Source: BusinessInsider - 🏆 729. / 51 Read more »
Brexit: Government to handle import checks for Northern Irish businesses - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. “Frictionless trade” “Not a single form” 'Boris Johnson's UK government is building a £200 million system to handle customs declarations for Northern Irish businesses after Brexit' .... finish the sentence... 'That will be scrapped when it's found to not work as intended following a non-competitive bid by a tory donor'
Source: BusinessInsider - 🏆 729. / 51 Read more »