BlackRock, Citadel Securities plan to start a new national stock exchange in Texas

The Wall Street Journal (gated) with the hot gossip:

• A group backed by BlackRock and Citadel Securities is planning to start a new national stock exchange in Texas
• Aiming to take on what they see as onerous regulation at the New York Stock Exchange and Nasdaq

• The Texas Stock Exchange has raised approximately $120 million, plans to file registration documents with the Securities and Exchange Commission later this year

• goal is to begin facilitating trades in 2025 and host its first listing in 2026

This article was written by Eamonn Sheridan at www.forexlive.com.