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Texas plans to open Dallas-based exchange in 2025

Texas plans to open Dallas-based exchange in 2025

 


The United States could see a new stock exchange emerge in Texas [link] to compete with the New York Stock Exchange (NYSE) and the NASDAQ. THE Wall Street Journal reported that black rock And Citadel to haveWe raised $120 million from investors to support the TXSE Group (Texas Stock Exchange), which plans to register with the United States Securities and Exchange Commission in H2/24 and open for business sometime in 2025. The TXSE's sales pitch to prospective companies focuses on easing the rules and regulations governing the listing and retention of companies on the stock exchange.

MB RESULT: It's hard to say whether this is simply a sophisticated ploy intended to ride the wave of “anti-woke” sentiment bubbling across the United States in the run-up to the big election in November 2024. Conservative groups (especially on This rule, which requires at least one board member to be female or from an “underrepresented racial or ethnic minority, or LGBTQ+,” has become a lightning rod for online “culture war” battles. . Just as it's hard to tell how much of the emotion is real and how much of it comes from engagement bots on this new potential exchange would be serious. All I know is that competition in the stock market has a lot of value. I don't like that competition has to be wrapped in worthy anti-woke messages. Still, TSXE entry could trigger a new wave of listings or reveal innovations beneficial to businesses and investors. I know most people here in the Philippines would laugh at the idea of ​​having a second exchange, given the relatively small size of our only existing exchange, but I think there is even more value to be had here with a second stock exchange independent of the PSE. Would this help break the hold of the Old Boys' Club? Hard to say. It might just create a new faction.

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Sources

1/ https://Google.com/

2/ https://www.philstar.com/business/2024/06/06/2360780/texas-looking-open-dallas-based-stock-exchange-2025

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