:quality(75)/https://static.texastribune.org/media/files/a0eb92fb41d595a805916ac8b2c4bb05/NY%20Stock%20Exchange%20REUTERS%20TT%2001.JPG?w=627&resize=627,376&ssl=1 "Financiers Plan To Launch A Texas-Based Stock Exchange")
Financiers Plan To Launch A Texas-Based Stock Exchange
A consortium of financial heavyweights, including BlackRock and Citadel Securities, has raised $120 million to launch the Texas Stock Exchange in Dallas, aiming to provide an alternative to established players like NYSE and Nasdaq. Positioned as more CEO-friendly amidst rising compliance costs, TXSE aims to capitalize on Texas’s economic growth and corporate headquarters base, potentially reshaping the U.S. equities trading landscape pending SEC approval later this year.
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