ST Alpha - "ST Poll: How long does this exchange last?" (Reading a Post)

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In response to "Probably SITWAP: Looks like the Cantor Exchange has received it's approval. -- nm" by Dano

ST Poll: How long does this exchange last?

Posted by Will Hunting (aka JoeMetz) Apr 20 '10, 14:47

me: a few months till the interest isn't there and they take a killer position in the neck.

Responses:

The way this is designed, you are betting against other players (so to speak), so there really isn't that kind of risk for the exchange operators. - psilotum Apr 20, 15:00 32
- My assumption is the only money they collect is the IPO and the trading fee - Will Hunting Apr 20, 15:16 31
  - shares don't float. the price only rises when there are an equal number of people selling as buying. - the 40 year old virgin Apr 20, 15:20 29
    - If I buy it at $40; they get $40. If I sell to you at $42, I get $2 profit and if it cashes at $45, you get $3 profit...they pay $45 out of what - Will Hunting Apr 20, 15:22 26
      - [deleted] 1
        
        This is HSX we're talking about here. -- nm - Will Hunting Apr 20, 15:30
      - [deleted] 23
        
        So before it's offered for sale, it's already been sold? - Will Hunting Apr 20, 15:25 15
        
        [deleted] 14
        
        Nice explanation, thanks! -- nm - mara Apr 20, 15:29
        
        Okay; that, I can understand - Will Hunting Apr 20, 15:29 12
        
        [deleted] 11
        
        hah, we should all get a desk at one of the brokerages. who says you can't get paid to Slacker Talk all day? -- nm - the 40 year old virgin Apr 20, 15:34 10
        
        [deleted] 9
        
        I grow weary of seeing "wary" be constantly spelled wrong. :) -- nm - Beryllium Apr 20, 15:46 3
        
        [deleted] 1
        
        sorry, I was just being a nitpicker dork. (See retraction, below) -- nm - Beryllium Apr 20, 15:52
        
        (actually, I have to retract this; a quick search of the past 2 months doesn't turn up any supporting evidence. Must have been somewhere else.) -- nm - Beryllium Apr 20, 15:50
        
        I'm definitely wary - Reagen Apr 20, 15:45 4
        
        [deleted] 3
        
        the potential for whales as pixie mentions really does tempt me though. - Reagen Apr 20, 15:49 2
        
        I'll play ya for it. -- nm - Will Hunting Apr 20, 15:53
        
        [deleted]
        
        At IPO? -- nm - mara Apr 20, 15:24 6
        
        [deleted] 2
        
        No, I'm just wondering who gets the money at IPO when somebody buys. -- nm - mara Apr 20, 15:26 1
        
        [deleted]
        
        [deleted] 2
        
        Who's selling it at IPO? -- nm - mara Apr 20, 15:26 1
        
        [deleted]
    - [deleted]
    - If there are an equal number of people selling as buying, why does it rise? What would make it fall? -- nm - mara Apr 20, 15:21
  - [deleted]
the only thing i see shutting it down is a federal law -- nm - the 40 year old virgin Apr 20, 14:55
longer than the XFL -- nm - Max Apr 20, 14:48

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ST Poll: How long does this exchange last?

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