Citadel and BlackRock back job to start a nationwide stock exchange in Texas

Key Details

TXSE Chairman and CEO James Lee reported the Dallas-headquartered group has raised $120 million with the assist of much more than two dozen investors.
The Wall Road Journal noted on the endeavor previously, stating the exchange is billing itself as a “far more-CEO pleasant” substitute to the New York Stock Trade and Nasdaq in the deal with of soaring regulation.
TXSE’s site explained it will be a “totally electronic, nationwide securities trade that will look for registration with the U.S. Securities and Trade Fee.”

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