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Texas is a major business hub and is a leading contributor to the US economy. Nate Hovee/Pexels.comA new stock exchange in Dallas, Texas, is set to begin securities trading next year, with plans to start listing companies by 2026. The Texas Stock Exchange (TXSE) Group has secured $120 million in funding from over two dozen investors, including Larry Fink's Blackrock and Kenneth Griffin's Citadel, making it "the most well-capitalised exchange entrant to file a registration with the US Securities and Exchange Commission (SEC)."Addressing Market Concerns and Business-Friendly EnvironmentThe fully electronic TXSE will list various securities, including exchange-traded products and...

A group of financial firms and investors is planning to launch a Texas-based private market stock exchange and offer traders an alternative to the New York Stock Exchange and Nasdaq. The group, which includes BlackRock, Citadel Securities and about two dozen investors, raised approximately $120 million of capital to create the Texas Stock Exchange, which would be headquartered in Dallas. They are now seeking registration with the U.S. Securities and Exchange Commission to operate as a national securities exchange later this year. “Texas and the other states in the southeast quadrant have become economic powerhouses. Combined with the demand we...