The Texas Stock Exchange

The creation of a new “CEO friendly” and “un-woke” stock exchange to challenge the New York Stock Exchange and the NASDAQ has been festering for some time, but TXSE Group recently announced publicly its plans to apply to the United States Securities and Exchange Commission for permission to operate a stock exchange in Dallas with a launch date in 2026.

The United States formerly had a number of regional stock exchanges, but since 2000 most of those regional exchanges have been bought up or merged with the NYSE or NASDAQ. The Texas Stock Exchange (founding CEO James Lee, E&Y Entrepreneur of the Year 2001, President Houston Symphony Endowment, financial advisory guy, a financial player, nobody’s huckleberry) would be a new entrant in what had been a collapsing industry. Continue reading