🧵 1. Texas Stock Exchange, backed by BlackRock and Citadel Securities, aims to challenge NYSE & Nasdaq. $120 million raised, plan for SEC filing by year-end.​ #finance
🧵 1. Texas Stock Exchange, backed by BlackRock and Citadel Securities, aims to challenge NYSE & Nasdaq. $120 million raised, plan for SEC filing by year-end.​ #finance
🧵 2. Booming Texan economy draws investors with low taxes and costs. Companies like Exxon and Tesla call Texas home. TXSE offers CEO-friendly exchange.
🧵 3. TXSE CEO James Lee announces launch of Texas Stock Exchange on LinkedIn. Plans for SEC registration in progress. Texas economy on the rise.​
🧵 4. Move over, NYSE & Nasdaq - TXSE aims to lure companies with less compliance costs. Will TXSE enforce diversity rule like Nasdaq? CEO Lee weighs in.​
🧵 5. could Elon Musk take Starlink public on TXSE in 2026, signaling the rise of the "Wall Street of the South"? Texas Stock Exchange challenges status quo in finance.​
🧵 Read more at: https://www.zerohedge.com/markets/wall-street-south-texas-stock-exchange-challenge-nyse-nasdaq