TXSE Group launches a national securities exchange in Texas

Will Innovation come from this opportunity Texas Stock Exchange (TXSE) ? Thoughts Texas Business Hall of Fame ? #texas #stockmarkets #economy What implications will thus have on our economy Todd Hirsch? I’m curious on your thoughts

For those who may be interested, check this out. #ipo #investors #stockexchange #nyse #nasdaq

Exciting news from Texas Stock Exchange (TXSE) Group! They’ve announced plans to launch the Texas Stock Exchange (TXSE), a fully electronic, national securities exchange based in #Dallas. TXSE aims to provide a new venue for U.S. and global companies to access equity capital markets and trade public companies and exchange-traded products. Read more at www.txse.com. #Finance #StockExchange #Dallas #EconomicGrowth #Investing #CapitalMarkets #TXSE

Will be interesting to see in a few years how this plays out.

As somebody who has listed dozens of ETFs I am not sure exactly what this new venue brings to the table. A chance to list at an exchange in Texas? Unless you are a Texas based company seeking a new listing that is not a selling point. If you are a Texas-based issuer who already has a public listing somewhere changing likely would be zero benefit. Most of your shareholders don't live in Texas and to be honest most of them could only guess at your primary exchange in the first place (QUICK: who has Nivdia's primary listing?). Even of you are a Texas based ETF issuer, and there are not many of them, it is not a very compelling case. Plus they seem pretty late to the game. If I wanted start a listing venue outside NY I might have started earlier in say 2005. I could just as easily pick, I don't know, Kansas CIty. And instead of using a name that gains me no traction outside of a single state, I might have given it a more generic name like, oh, "Better Alternative Trading System". Call it BATS for short. Finally, if anybody thinks the exchange with the primary listing automatically means you will recieve a lot of the trading volume, let me suggest you consult Wikipedia for the history of the ETFs and the American Stock Exchange.

The #TXSE Group has announced securing a substantial $120 million in funding to establish a new electronic trading platform, the Texas Stock Exchange (TXSE). This ambitious endeavor has garnered the support of heavyweight investors such as #BlackRock and #CitadelSecurities, who collectively account for a significant portion of equity trading volume on existing U.S. stock exchanges. Proponents argue that the introduction of a new stock exchange could enhance market efficiency, ultimately benefiting both investors and companies. According to reports from #WSJ, the TXSE aims to facilitate primary listings, dual listings, and exchange-traded products. The plans are to commence trading operations in 2025 and host its first listing the following year. If successful, this initiative could provide a major boost to the robust $2.4 trillion Texas economy. However, before becoming operational, the Texas Stock Exchange must navigate the complex SEC registration process, offering a compelling value proposition distinct from established players like the NYSE and Nasdaq. Building a robust technological infrastructure, attracting market participants, and gaining regulatory approval will undoubtedly be an arduous journey, determining the TXSE's competitiveness in the coming years. This ambitious project promises to be an intriguing development in the financial landscape, and its progress will be closely watched by industry stakeholders and market participants alike. #Finance #Trading #Investment #Economy #Innovation #WallStreet #StockMarket #ETF

Wall Street Moves to Texas:⬇️ New York politicians, watch out. A new stock exchange based in Texas could soon challenge Nasdaq and the New York Stock Exchange and the Empire State’s Status as America’s financial capital. The TXSE Group on Wednesday June/05/2024 announced it has raised $120 million for a new electronic trading platform dubbed the TEXAS STOCK EXCHANGE (TXSE). Its investors, including BlackRock and Citadel Securities, represent a significant portion of the equity volume on U.S. lit exchanges and together comprise a majority of all U.S. listed retail volume, the group said (A lit exchange is an open and and public one, in contrast to a so-called dark pool of capital.) That’s a strong vote of confidence in the TEXAS exchange and of frustration with the NEW YORK duopoly. TXSE CEO James Lee explained that the new exchange’s goal is to create more competition around quote activity, liquidity and transparency. For years public companies and brokers have complained about high fees at Nasdaq and the NYSE, but they’re paid up for access to America’s deep capital markets. Even so, the duopoly’s fees have helped drive some 40% of trading volume off the two exchanges, resulting in less liquidity and worse pricing on the exchange. Securities and exchange Commission Chairman Gary Gensler’s solution? Force Brokers like Robinhood to funnel small retail orders into public auctions operated by the exchanges, where market makers like Citadel would compete for the best price with institutional investors, His proposed regulation, like other SEC rules, would strengthen the duopoly. TXSE Investors have a better solution: Reduce fees and create other incentives that make exchange based trading more attractive, improving liquidity and prices for for all investors. The Texas Stock Exchange also seeks to offer public companies and exchange traded product Sponsors more predictability around listing standards and associated costs. Ah, listing standards. Nasdaq has mandated boardroom diversity quotas for companies that list shares on its exchange. Starting this year, they must have a woman, underrepresented minority or” LGBTQ+” member or publicly explain why they don’t. Boards of bigger companies must include at least two divers directors by the end of next year. Nasdaq's goal is to shame companies into adopting the political left's values. the duopoly enjoy enjoy nearly carte blanche authority to regulate corporate governance of listing companies subject to the approval of the SEC. Nasdaq's diversity diktat has raised concerns about what next could be required. Netzero climate commitments? the Texas exchange is also a form of political arbitrage. New York Democrats have long taken Wall Street for granted, imposing punishing taxes and regulation. Progressives in Albany recently threatend to revive a long-dormant stock tranfer tax to pay for their migrant and mass transit messes. Go ahead, make the Texas exchange's day. Continue on comment box below ⬇️

TXSE Group Inc. Announces Plans to Create the Texas Stock Exchange (TXSE) “Changes in equities trading markets are driving more volume to exchanges and more choices for issuers and sponsors,” said James H Lee, founder and CEO of TXSE Group Inc. “TXSE will ultimately create more competition around quote activity, liquidity and transparency, resulting in more consistent and reliable markets that benefit investors, global issuers and liquidity providers alike.” “We’re thrilled to bring to fruition the long-held vision for a national stock exchange in Texas,” Lee said. “Texas and the other states in the southeast quadrant have become economic powerhouses. Combined with the demand we are seeing from investors and corporations for expanded alternatives to trade and list equities, this is an opportune time to build a major, national stock exchange in Texas.” https://lnkd.in/eUdd9F_i #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Make Listing Fees Cheap Again https://lnkd.in/gwKiknhx DALLAS, Jan. 31, 2025 /PRNewswire/ -- TXSE Group Inc announced today that the Texas Stock Exchange LLC (TXSE) has filed its Form 1 registration with the U.S. Securities and Exchange Commission (SEC). TXSE is one of the only fully integrated exchanges to file for SEC approval in the past 20 years. Its filing proposes trading, listings of corporate issuers and ETPs, auctions, and a range of data products. TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public. TXSE is also well underway in building an order matching engine that leverages the latest technology to deliver predictable performance, low latency, and speed comparable to that of the world's top-performing markets. TXSE will continue to work with the SEC on the approval of its registration. If granted, TXSE intends to launch trading in early 2026, with listings by the end of the same year. "Today marks another milestone in our journey to make the Texas Stock Exchange a reality," said James H Lee, founder and CEO of TXSE Group Inc. "Our team of market veterans and experienced technologists is committed to our long-term vision of revitalizing competition for listings and enhancing trading in the U.S. capital markets." In addition, TXSE Group Inc announced that it has closed its initial capital raise at $161 million, making TXSE the most well-capitalized exchange to ever file a Form 1. Its founding investors represent all major sectors in the markets: liquidity providers, retail and institutional investors, and business leaders from across the country. They include BlackRock, Citadel Securities, Charles Schwab, Dell Family Office Management, Fortress, Jump Trading, Squarepoint, Susquehanna Private Equity Investments, Tower Research, and other market leaders. TXSE is considering additional financing to further accelerate its plans. "The composition of our founding ownership was intentional and deliberate," Lee said. "The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond." #finance #dallas #stocks

TXSE: Texas Stock Exchange Aims to Disrupt Wall Street Texas is making a bold move to challenge New York's financial dominance! The new Texas Stock Exchange (TXSE) is set to launch with stricter listing standards, aiming to attract top-tier companies. Key points: ✅ Stricter Standards: The TXSE will have higher standards for companies to list, potentially excluding over a third of Nasdaq and NYSE-listed companies. ✅ Focus on Predictability: The exchange emphasizes predictability and stability, contrasting with recent controversies surrounding other exchanges. ✅ Texas's Business-Friendly Environment: The TXSE benefits from Texas's pro-business policies and growing reputation as a corporate mecca. ✅ Backed by Industry Giants: The exchange is supported by major financial firms like Citadel Securities and BlackRock. ✅ Aiming for 1,000 Listings: The TXSE estimates it could attract around 1,000 publicly-traded and 14,000 private companies. Is Texas poised to become a major financial hub? Read More >> https://lnkd.in/geZjH8ba #Texas #StockExchange #finance #business #innovation #WallStreet