Amid ongoing debates about the nature of short-term versus long-term investing, the Securities and Exchange Commission has approved a new national securities exchange committed to the latter investment philosophy.
The Long-Term Stock Exchange (LTSE), was approved on May 10 by the SEC for registration as a national securities exchange, making it one of only a handful of U.S. exchanges qualified to conduct listings and authorizing the company to operate a platform for buying and selling shares. It could be operational and trading by the end of the year.
