Confusingly AMEX and ARCA also have a listings business, but that's also owned by NYSE or at least owned by ICE which owns NYSE.
IEX tried. I think they had a few listings for a while, but it just didn't work out.
LTSE really wanted to get into this business and I think they are trying by some sort of dual listing strategy, but I think that just costs the listing company even more fees and like... what's the point?
And as mentioned CBOE's BATS has a bunch. But I think they are just low volume four letter ETFs.
I think cracking the code would consist of offering a service that really solves a problem that the listing company's CFO or investor relations team has such that only the listing venue could solve.
At any rate, good luck to those who try, so far its just a trail of gravestones of those who tried and failed.
At least with AMEX you have the historical case for Tape B listings, and with ARCA the strong local ETF business.
LTSE is trying to be principled, but I see this similarly to the TXSE/NYSE TX thing where they're trying to capitalize on a cultural issue that is fleeting and the general public really doesn't care about.
Poor BZX has never really recovered from botching their own IPO. Similar to how Nasdaq lost a bunch of business to NYSE following the Facebook IPO fiasco. As a corporate board I imagine you'd really need to justify why you would take the extra risk of working with an unproven exchange when it comes to your first day of trading.
IEX tried. I think they had a few listings for a while, but it just didn't work out.
LTSE really wanted to get into this business and I think they are trying by some sort of dual listing strategy, but I think that just costs the listing company even more fees and like... what's the point?
And as mentioned CBOE's BATS has a bunch. But I think they are just low volume four letter ETFs.
I think cracking the code would consist of offering a service that really solves a problem that the listing company's CFO or investor relations team has such that only the listing venue could solve.
At any rate, good luck to those who try, so far its just a trail of gravestones of those who tried and failed.