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Texas to Take On NYSE With New Stock Exchange
By
Katie Rass
News June 05, 2024 at 01:46 PM
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What You Need To Know
- The Texas Stock Exchange has raised $120 million from backers including BlackRock and Citadel.
- It will try to entice companies seeking relief from rising compliance costs at the NYSE and Nasdaq, its CEO says.
- The TXSE will be based in Dallas, which has been gaining financial jobs from firms like Goldman Sachs and Schwab.
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