(Reuters) -A group backed by BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas, a spokesperson for Citadel Securities said on Tuesday.
The Texas Stock Exchange, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission (SEC) later this year, The Wall Street Journal reported earlier, citing CEO James Lee.
BlackRock did not immediately respond to a Reuters request for comment.
The TXSE, as it is known, plans to compete for primary and dual listings and aims to start in 2025 and host its first listing in 2026.
The stock exchange aims to attract listings of exchange-traded products and aims to challenge increasing compliance costs at Nasdaq and NYSE, and newer rules like the one setting targets for board diversity at Nasdaq.
(Reporting by Angela Christy and Disha Mishra; Additional reporting by Gursimran Kaur Editing by Alan Barona, Varun H K and Nivedita Bhattacharjee)
"exchange" - Google News
June 05, 2024 at 07:57AM
https://ift.tt/xEKngcX
BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports - Yahoo Finance
"exchange" - Google News
https://ift.tt/YbKuSmR
https://ift.tt/VnpaDvb
Exchange
Bagikan Berita Ini
0 Response to "BlackRock, Citadel-backed group to start new national stock exchange in Texas, WSJ reports - Yahoo Finance"
Post a Comment