Wednesday, October 8, 2025

Latest

New Texas Stock Exchange Backed by BlackRock and Citadel Securities Set to Launch in Dallas

A new national stock exchange, the Texas Stock Exchange (TXSE), is set to launch in Dallas, backed by major investors including BlackRock (NYSE: BLK) and Citadel Securities

The exchange has raised approximately $120 million and plans to file registration documents with the Securities and Exchange Commission later this year to operate as a national securities exchange.

TXSE aims to attract listings of exchange-traded products and challenge increasing compliance costs at established exchanges like the Nasdaq and the NYSE. The exchange also seeks to offer an alternative to newer rules, such as Nasdaq’s board diversity targets. 

“Texas’s booming economy and the strong economic and population growth among states in the southeast quadrant of the U.S. present incredible opportunities for businesses — and ultimately the Texas Stock Exchange,” James Lee, the new exchange’s chairman and CEO, said on LinkedIn on Tuesday.

TXSE is targeting companies in “the southeastern quadrant of the US,” and has received support from Texas Governor Greg Abbott. The fully electronic exchange is aiming to start trading in 2025 and host listings in 2026, positioning itself as a more CEO-friendly alternative to existing exchanges.


Information for this story was found via the Wall Street Journal, Reuters, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Robinhood’s Preliminary Q2 Orderflow Revenues Suggests Retail Trading Mania May Be Wearing Off

After trading below its offering range since the debut day of its IPO, Robinhood (NASDAQ:...

Wednesday, August 4, 2021, 02:38:00 PM

BlackRock to Cut 600 Jobs As Company Reallocates Resources to Technology and ETFs

BlackRock, the world’s largest asset manager, has revealed plans to cut approximately 3% of its...

Thursday, January 11, 2024, 08:00:00 AM

Coinbase Partners With BlackRock, World’s Largest Asset Manager, In A Bid To Court Institutional Investors

The world’s largest asset manager meets the world’s largest cryptocurrency exchange platform as BlackRock (NYSE:...

Friday, August 5, 2022, 03:49:00 PM

BlackRock Acquires Global Infrastructure Partners for $12.5 Billion, Hits $10 Trillion In Assets

BlackRock Inc., the world’s largest money manager, has agreed to acquire Adebayo Ogunlesi’s Global Infrastructure...

Friday, January 12, 2024, 06:25:00 AM

Texas Might Have To Build Gas Power Plants Themselves If Investors Don’t Says Lt Gov Dan Patrick

Last week in Houston, Texas, state politicians and energy sector leaders pitched to approximately 100...

Monday, February 12, 2024, 03:01:00 PM