The TXSE: A New Trading Frontier

In June 2024, TXSE Group announced plans to launch the Texas Stock Exchange, headquartered in Dallas. With US$120 million in secured funding from notable names such as BlackRock and Citadel Securities, the TXSE aims to compete both as a cost-effective trading platform and as rival to the NYSE and Nasdaq's duopolistic listing businesses. While situated Texas – a high-growth, pro-business hub for commerce, the exchange may still fall victim to fierce competitive pressures that have halted the growth of many innovative exchanges before it.

This report will analyze the competitive pressures in the U.S. equity markets,

highlight what previous stock exchanges have done to capture market share,

and provide commentary on the ultimate viability of the TXSE.

A New Trading Frontier.pdf

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