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There’s a new stock exchange coming soon to the United States of America.
What’s happening:
- The Texas Stock Exchange has officially filed a Form 1 with the United States Securities and Exchange Commission to move closer towards being able to launch as a national securities exchange
Why it matters:
- The Texas Stock Exchange is aiming to become the first new national stock exchange to launch in the United States in more than two decades
Going deeper:
- BlackRock and Citadel are amongst the largest investors in the Texas Stock Exchange, previously leading their initial financing round
- The Texas Stock Exchange also has multiple other notable investors, including Charles Schwab, Dell Family Office Management, Fortress and Jump Trading
