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by wmf 872 days ago
LTSE Equity appears to be kind of a side project of the main LTSE Exchange which is not shutting down.
1 comments
mortehu 872 days ago
Note, however, that only a few hundred thousand shares trade on LTSE each day, for a market share of approximately 0.00%.

https://www.cboe.com/us/equities/market_share/

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eej71 872 days ago
Agreed. LTSE has a very tiny market share of the daily trading.

I honestly can't figure out how they are making enough money to stay in business. I have to assume that by getting a seat at the big boy RegNMS table, they are getting a share of the fees paid to the SIP. But even with that, seems like a tough way to get by.

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swyx 872 days ago
but, like, holding things for the long term is the point of LTSE, taking market share by daily trading volume as a measure of succcess is exactly the sort of attitude the LTSE is trying to fight against lol
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eej71 872 days ago
Leaving aside whether or not that's a good goal, these venues NEED trading to happen through them in order to survive.

It's a bit like being a newspaper opposed to publishing new news articles everyday. That can be a goal, I guess, but its a newspaper that isn't going to last long.

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