BlackRock and Citadel-backed group launching new national stock exchange in Texas

From Investing.com: 2024-06-04 21:00:40

A new national stock exchange backed by BlackRock and Citadel Securities is set to launch in Texas, raising about $120 million. The Texas Stock Exchange will file registration documents with the SEC later this year, aiming to facilitate trades by 2025 and host its first listing in 2026. The exchange plans to compete for primary and dual listings, as well as attract listings of exchange-traded products while challenging compliance costs at Nasdaq and NYSE, including regulations on board diversity.



Read more at Investing.com: BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports By Reuters