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Re:U.S. regulators approve the Long-Term Stock Exchange by eries on Saturday May 11, 2019 @10:41AM (#19886412)
I can’t share our future plans until we file with the regulators. It won’t be exactly the same as what we filed and won staff approval for last year, but that filing can give you some sense of how possible rules could work: https://www.sec.gov/rules/sro/iex/2018/34-82948.pdf

Note that this particular system does not have either of the problems you raise as questions

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