Matt Levine, Columnist

Two of the Nicest Stock Exchanges Make a Fine Couple

Companies will be protected from short-term activists, and investors won’t have to deal with predatory high-frequency traders.

December 10, 2017 at 2:00 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

The ultimate partnership.
Photograph: Evans/Stringer

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Yesterday the Long-Term Stock Exchange and IEX announced that they are teaming up to be the very nicest stock exchange, or subset of a stock exchange:

As I understand it: