The Texas Stock Exchange (TXSE), backed by BlackRock and Citadel Securities, plans to challenge NYSE and Nasdaq, aiming for SEC registration this year and trading by 2025, with first listings in 2026.
The Texas Stock Exchange is a new competitor to the New York Stock Exchange and Nasdaq, and investors like BlackRock and Citadel Securities are supporting it because of the state's thriving economy.
The Wall Street Journal reports that the TXSE intends to file registration filings with the Securities and Exchange Commission later this year, having raised $120 million from major investment firms like the ones mentioned above. The first listing on the new market might happen as early as 2026, and trades might start there in 2025.
Compared to collapsing blue cities and states, the temptation of reduced taxes and living expenses, together with weak regulatory monitoring, a generally welcoming business environment, and law and order have been significant contributing factors to t...
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