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talljasperman's avatar

Can your country ever get a second stock market?

Asked by talljasperman (21858points) October 10th, 2014

Canada had three before the BreX gold mine corruption. The Toronto, Alberta and Vancouver stock exchanges. What about your country? Could yours have a second exchange?

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2 Answers

zenvelo's avatar

The United States has quite a few. And it has four primary listing exchanges: NYSE, NASDAQ, NYSE MKT, and NYSE Arca.

There are also quite a few competing exchanges: BATS, Direct Edge, Chicago, BATS Y Exchange, and about 40 other trading venues.

Canadian securities laws are different in that certain transactions are regulated by Provincial Governments. Makes it harder to create a new exchange.

FireMadeFlesh's avatar

I’m sure it is possible, but since my country only has about 22 million people, there probably isn’t the need for it.

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