Reported 4 months ago
TXSE Group, supported by BlackRock and Citadel Securities, is planning to establish the Texas Stock Exchange in Dallas to compete with established New York-centric exchanges and attract global companies. The exchange, with $120 million raised, aims to file registration documents with the SEC to operate as a national securities exchange later this year. While facing challenges in the U.S. listings market dominated by NYSE and Nasdaq, TXSE Group aims to provide stability and predictability around listing standards, challenge compliance costs, and promote market competition and transparency.
Source: YAHOO