All articles tagged with #texas stock exchange
The CEO of the Texas Stock Exchange announced that 35% of the 4,600 US-listed public companies would not qualify for listing on the new exchange, including many Chinese-based firms that do not meet U.S. standards, with the new exchange primarily targeting smaller and mid-cap companies, potentially launching in late 2025.
Texas Governor Greg Abbott faces conservative backlash for supporting the creation of a Texas Stock Exchange, which has received funding from BlackRock, a company criticized by conservatives for its ESG initiatives. Despite Abbott's previous criticism of BlackRock, he praised the new exchange for its potential to reduce regulatory burdens compared to NYSE and Nasdaq.
BlackRock and Citadel Securities are backing the Texas Stock Exchange (TXSE), a new Dallas-based bourse aiming to challenge the New York Stock Exchange and Nasdaq. TXSE, which has raised $120 million, plans to file with the SEC to operate as a national securities exchange and hopes to start trading next year. The exchange seeks to attract global companies and reduce compliance costs associated with New York-based indexes. Texas has become a major financial hub, attracting numerous Fortune 500 companies and significant investments from firms like Apple and Goldman Sachs.
The Texas Stock Exchange (TXSE), headquartered in Dallas, is set to launch to compete with the NYSE and Nasdaq, backed by $120 million from investors including BlackRock and Citadel Securities. TXSE aims to start trading next year and host its first listing in 2026, leveraging Texas' business-friendly environment to attract companies. However, skeptics doubt its ability to challenge the established exchanges.
A group backed by BlackRock and Citadel Securities plans to launch the Texas Stock Exchange, aiming to compete with Nasdaq and NYSE by 2025. The exchange, which has raised $120 million, will file registration documents with the SEC later this year and seeks to attract listings of exchange-traded products while addressing compliance costs and diversity rules.
Dallas is set to host the Texas Stock Exchange, the state's first national stock exchange, with plans to begin trading in late 2025 and listing companies by early 2026. Spearheaded by CEO James Lee and supported by significant investments, the exchange aims to become a major financial hub, attracting companies primarily from the Southeast U.S. Governor Greg Abbott's leadership and business-friendly policies have been pivotal in realizing this long-held dream. The exchange will operate electronically but maintain a physical presence in downtown Dallas.