12-7-17 2:33 PM EST | Email Article

IEX, the startup exchange founded to combat high-frequency trading, announced a partnership Thursday with the Long-Term Stock Exchange that will offer a new method for companies to go public.

The Long-Term Stock Exchange intends to vet companies for their long-term value through the form of additional disclosures and governance requirements, according to a press release.

In a Medium post, Long-Term Stock Exchange CEO Eric Ries said that the exchange exists to “provide a public market option for companies who believe ... that vision and value should be measured over the long term.”

While the exchange intends to list companies on its own, it’s partnering with IEX to get to market quicker.

“We​ ​think​ ​LTSE​ ​offers​ ​a​ ​differentiated​ ​choice​ ​for​ ​companies,​ ​and​ ​will add​ ​to​ ​much​ ​needed​ ​competition​ ​in​ ​the​ ​listings​ ​market,”​ ​said​ ​Brad​ ​Katsuyama,​ ​IEX​ ​co-founder​ ​and​ ​CEO. “IEX​ ​was​ ​built​ ​to​ ​protect​ ​and​ ​serve​ ​both​ ​companies​ ​and​ ​investors​ ​by​ ​offering​ ​a​ ​fairer​ ​option.”

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