Dallas Needs a Stock Exchange – Bloomberg

Because if you’re starting an exchange, you probably do need some value proposition beyond “we’re a computer where you can trade stocks.” You need a story to attract investors and attention and ultimately traders. *** And now here’s TXSE, the Texas Stock Exchange, whose proposition seems to be some combination of “we will protect public companies from woke,” “we will…

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BlackRock, Citadel Back Upstart Texas Challenge to NYSE, Nasdaq – Bloomberg

BlackRock Inc., Citadel Securities and other investors are backing an upstart Texas stock market to challenge the New York Stock Exchange and Nasdaq Inc. The Texas Stock Exchange has raised $120 million and plans to file registration documents with the US Securities and Exchange Commission, according to a LinkedIn post by James Lee, the exchange’s chief executive officer. The Texas…

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