On: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

[jfalcon]

Doesn't this increase opportunity for arbitrage as it's not likely exchanges are going to be perfectly synchronized to the overall market? Also doesn't this also offer opportunities to sell pink sheets stocks in what is conceivably a "fresh market"?

[hackernewds → jfalcon]

Arbitrage and the agents conducting these transactions is good for open rational markets. In fact they are essential