Texas Stock Exchange submits operating application, has raised $161 million from Jump Trading and other institutions
2025-02-01 03:55
Odaily News The parent company of the Texas Stock Exchange (TXSE) said that the exchange has submitted an application to operate as a national securities exchange in the United States, with the goal of launching in 2026. The exchange said that it hopes to reverse the downward trend in the number of listed companies in the United States and solve what it calls the "high cost of listing and maintaining a listed status." The exchange also said that it has raised $161 million from more than 48 investors, including corporate giants such as BlackRock, Citadel Securities, and Charles Schwab, as well as major US market makers and trading institutions such as Jump Trading. (Reuters)
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