A Billionaire-Backed Texas Stock Exchange Is In The Works—Here’s What To Know

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A Billionaire-Backed Texas Stock Exchange Is In The Works—Here’s What To Know
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Cailey Gleeson is a reporter who covers breaking news, with a frequent focus on politics, business and legal matters.

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Mega Millions Ticket Sold In Illinois Wins $560 Million Jackpot—Here’s How Much The Winner Will Take Home After TaxesA group backed by more than two dozen investors—including Citadel Securities and BlackRock—is planning to start its own stock exchange in Texas, itKey Facts—will be a “fully electronic national securities exchange” that seeks to expand access to markets for all investors and those seeking access to public capital, according to...

The stock exchange has raised $120 million in capital and plans to register with the Securities and Exchange Commission later this year, according to the press release, while it will also have a physical headquarters in Dallas, and the company will employ about 100 people,“Texas's booming economy and the strong economic and population growth among states in the southeast quadrant of the U.S.

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