Texas Stock Exchange backed by BlackRock, Citadel to start trading from Dallas next year

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Dallasbased Texas Stock Exchange News

Blackrock,Citadel Securities,Fortune 500 Companies

With Texas Gov. Greg Abbott enforcing his own border policies and TEXIT gaining momentum with the state's Republican Party, perhaps we shouldn't be surprised that the state is taking another step toward becoming a semi-autonomous region. To that end, the Lone Star State is launching its own stock exchange.

With Texas Gov. Greg Abbott enforcing his own border policies and TEXIT gaining momentum with the state's Republican Party, perhaps we shouldn't be surprised that the state is taking another step toward becoming a semi-autonomous region.Houston financier James H.

The TXSE will focus on attracting companies from Texas and surrounding states to list their stock. Texas is home to more Fortune 500 companies than any other U.S. state, and Charles Scwabb, Tesla and Hewlett Packard all relocated her in the past three years. However, the TXS index hasn’t received much fanfare in this Bull market. Its shares have bounced between $24 and $28 since being launched last July.

 

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