Goldman Sachs · Microsoft · Wall Street · New York · CryptoSlate
NYSE’s owner is backing 24/7 stock tokens without Wall Street’s usual price rules
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
The company that owns the New York Stock Exchange wants people to be able to buy stocks 24/7.
Key facts
- In the simple model, a $1,000 purchase requires $100,000 of starting stablecoins to keep its average price within 1% of the assumed $100 reference, while reducing that markup to 0.1% requires $1
- Give that pool ten times as many shares and dollars, and the same $1,000 purchase would average roughly $101 per token
- The company that owns the New York Stock Exchange wants people to be able to buy stocks 24/7
- Fifteen of OKXICE's 62 originally proposed companies had objected, with Cerebras bringing the overall issuer count to 16 despite not being on that initial list
Summary
01 OKXICE plans to use automated liquidity pools instead of traditional stock order books. 02 Investors could pay more for familiar stocks when fewer shares are available to trade. 03 Several major companies have objected to their shares being traded on the platform. People want to trade all the time, and now institutions want a piece of that.