The new exchange, which aims to provide a go-public platform for companies committed to long-term growth and environmental, social and governance principles, launched Wednesday. Approximately 125,000 shares traded hands by 11:46 a.m. ET, with a couple of minor (but fixable) server glitches along the way. It does not yet have any exclusively listed companies. (Bloomberg)

Talking point: This marks the debut of founder Eric Ries’s grand plan to reshape the incentives of public companies so that they move away from the pressure of meeting short-term earnings goals, and attract investors who are less concerned with day-to-day stock volatility. Companies that intend to list have to maintain governance policies that are focused on long-term strategic growth. Ries is attempting to leverage the success of his 2011 book The Lean Startup. LTSE had already raised nearly US$70 million from heavyweight VC firms like Andreessen Horowitz and Founders Fund prior to its debut, and is the 14th stock exchange in the U.S. It’s a crowded field, but Ries claims there’s no rush to build up the number of IPOs, and compete with the likes of the Nasdaq and the NYSE—quality over quantity is what LTSE is gunning for.