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New Texas Stock Exchange Takes Aim at New York’s Dominance

Posted on AllSides June 5th, 2024
From The Center
EMIL LENDOF/THE WALL STREET JOURNAL, ISTOCK

A group backed by Wall Street heavyweights BlackRock BLK 0.15%increase; green up pointing triangle and Citadel Securities is planning to start a new national stock exchange in Texas, aiming to take on what they see as onerous regulation at the New York Stock Exchange and Nasdaq. 

The Texas Stock Exchange, which has raised approximately $120 million from individuals and large investment firms, plans to file registration documents with the Securities and Exchange Commission later this year, CEO James Lee told The Wall Street Journal. The goal is to begin facilitating trades in 2025 and...

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https://www.wsj.com/finance/regulation/new-texas-stock-exchange-takes-aim-at-new-yorks-dominance-e3b4d9ba

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