What You Need To Know About the Blackrock-Backed Texas Stock Exchange
BLKBlackRock(BLK) Investopedia·2024-06-06 00:40

Key Takeaways The TXSE Group announced plans Wednesday to officially file registration papers with the Securities and Exchange Commission (SEC) to create the Texas Stock Exchange. The project has received $120 million in funding, with investors including BlackRock and Citadel Securities. The Wall Street Journal reported backers of the effort "pledge it will be more CEO-friendly" than the New York Stock Exchange and Nasdaq. Texas may soon be the home of a new national stock exchange, as the TXSE Group announ ...