The Texas Stock Exchange (TXSE) is making waves in the financial world with its plans to launch as a new national exchange based in Dallas.
Backed by investors including BlackRock and Citadel Securities, the exchange has already raised $120 million.
TXSE aims to provide a more CEO-friendly alternative to established exchanges like the New York Stock Exchange and Nasdaq, particularly in light of increasing regulation and compliance costs.
Backed by major investors, TXSE aims to offer a more CEO-friendly stock exchange alternative.
One contentious issue it hopes to address is the Nasdaq rule requiring listed companies to disclose diversity information on their board of directors, which is facing legal challenges.
TXSE plans to be a fully electronic exchange and aims to register with the U.S. Securities and Exchange Commission, with trading set to begin in 2025 and listings expected in 2026.
Targeting companies in the southeastern quadrant of the U.S., TXSE has received support and leadership from Texas Governor Greg Abbott.
This initiative reflects the growing economic and population trends in Texas and the broader southeast region, presenting significant opportunities for businesses and investors alike.
