BlackRock and Citadel Securities Support Launch of Texas Stock Exchange
Financial giants BlackRock and Citadel Securities are backing the Texas Stock Exchange (TXSE) in Dallas, aiming to challenge the dominance of New York-based exchanges. With $120 million raised, TXSE plans to file with the SEC and attract global companies. The new exchange seeks to capitalize on shifts in equities trading, listing standards, and compliance costs, while addressing ESG-related tensions and leveraging the economic growth of southeastern states.