End of Wall Street? Texas Stock Exchange to File SEC Paperwo

Texas is coming for Wall Street with a new BlackRock-backed stock exchange

 

Texas’ famous longhorns are coming for Wall Street’s bulls.

A new national stock exchange, based in Dallas, and backed by Wall Street heavyweights like BlackRock and Citadel Securities, is looking to take on the world-famous New York Stock Exchange and Nasdaq.

The newly formed TXSE Group announced its plans to file for registration with the US Securities and Exchange Commission later this year. The group is backed by more than two dozen investors with $120 million in funding – that makes it the most well-capitalized exchange entrant to even file with the SEC.