The article doesn't explains what makes LTSE different than NYSE? How will it actually encourage looking beyond the next quarter? Where can one learn about that?
The only concrete(ish) thing I could find was this quote:
> ...and reward long-term shareholders by giving them more voting power the longer they hold the stock.
I'm not sure how that would affect the behavior of traders in any particular stock. Seems like it would allow a "committed minority" of shareholders the ability to control the company, without having different classes of stock determined upfront?
If this exchange is mostly for value investing, as it sounds like, what barriers will LTSE set to prevent high frequency trading and other byproducts of access focused trading?
It's designed for long term investing. Not a place for day traders, high frequency trading and all sorts of sharks and piranhas that like to eat up pensions and 401k funds...
jayp|6 years ago
The article doesn't explains what makes LTSE different than NYSE? How will it actually encourage looking beyond the next quarter? Where can one learn about that?
function_seven|6 years ago
> ...and reward long-term shareholders by giving them more voting power the longer they hold the stock.
I'm not sure how that would affect the behavior of traders in any particular stock. Seems like it would allow a "committed minority" of shareholders the ability to control the company, without having different classes of stock determined upfront?
In any case, Matt Levine's article on it is a good read: https://www.bloomberg.com/opinion/articles/2017-10-16/the-lo...
miohtama|6 years ago
segmondy|6 years ago
bethly|6 years ago
unknown|6 years ago
[deleted]
yohann305|6 years ago