A group with backing from the likes of BlackRock and Citadel Investments announced plans to launch the Texas Stock Exchange, aiming to rival New York's exchanges.
A new national stock exchange based in Dallas is slated to launch in the U.S. with the aim of taking on the New York Stock Exchange and the Nasdaq, and it has backing from some major Wall Street names. A company called TXSE Group, Inc., on Wednesday announced it plans to submit its registration with the U.S.
Still, the forthcoming TXSE has a steep hill to climb in taking on the NYSE and Nasdaq. Skeptics are already weighing in on its prospects for success. GET FOX BUSINESS ON THE GO BY CLICKING HERE "This has about as much chance of making a dent in the @NYSE-@NasdaqExchange duopoly as that proverbial snowball in hell," FOX Business' Charles Gasparino wrote on X in reaction to the news.
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