None are listed yet. Give us a little time, it’s only Day One
For reference, whenever Uber/Lyft "open for business" in a new city, they don't just flip the switch to enable the app in an area. They work towards gaining a critical mass of drivers to ensure reasonable quality service levels, incentivize drivers to stay online as rides trickle in etc.
Or is this the "Lean Startup" approach to get a feel for the reception of the idea though I'd imagine that was done before you got started on building the product :)
Overall, I am very excited for what you're building and will watch out for more substantive updates! It is super cool that your team is working on challenging the status quo in an unconventional manner.
You can call your broker right now and ask them to direct your orders to a specific exchange, including "L" on the SIP.
I think GP's point is that you're saying "we're open for business", but the LTSE isn't offering people who buy stocks any added value yet.
It's clearly not zero, so somebody sees some benefit in it. So I don't see the issue with saying that we are "open for business"
Multiple people have mentioned a similar thing. I have had a similar experience.
While it may be technically accurate that the “LTSE is open for business”
My expectation and others also seem to have had a similar expectation after reading the announcement was:
We can now purchase shares in companies that are listed on the LTSE. Having tried to get more info on companies listed on the LTSE, we are finding none.
“Open for business” is never defined.
It says
“Today, after months of booting up, I am thrilled to report that the Long-Term Stock Exchange has opened for business with a mission to support companies and investors who share a long-term vision.”
There are a few potential options:
1. oversight , without the realisation that people will assume the LTSE has shares listed on it which can be traded
2. Deliberately designed to lead people to think the LTSE has shares listed on it in order to test. Lean startup and all that.
On a other note long range planning and thinking is difficult, due to discounting and uncertainty. A massive impact can be had if more people could think Though multiple causal generations down.
Maybe it's people used to stock exchanges treating companies as the product, instead of as their customers? If so, you seem to be demonstrating the problem LTSE is trying to solve.
https://www.investopedia.com/articles/basics/04/092404.asp
Anyway, maybe a good question for someone familar with the technical details - why is there so much volume already flowing through LTSE? Is it just arbitrarily included in some standard broker software application such that it doesn't make a difference to them? Since apparently there is already nearly as much volume traded on LTSE as there is through Nasdaq.