The creation of the Texas Stock Exchange (TXSE) is one step closer with the news that a temporary headquarters will open in Dallas.
The TXSE will temporarily house its headquarters at the Weir’s Plaza building north of downtown Dallas until a permanent location is established.
Earlier this year, The Dallas Express reported that the new exchange would provide an alternative to the dominant New York Stock Exchange (NYSE). BlackRock has reportedly invested $120 million to support the creation of the Texas bourse. Citadel Securities has also been named as an investor in the massive financial initiative.
The eventual permanent home for the exchange will be called the Texas Market Center. Although the TXSE will be digital, it will be physically located in Texas. Trading could start as soon as 2025, with the first listing expected to follow the year after.
No stock exchanges currently exist in Dallas-Fort Worth or elsewhere in the Lone Star State, even though DFW is one of the country’s major finance hubs. […]
— Read More: dallasexpress.com
