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Governor Abbott Congratulates Texas Stock Exchange on SEC Approval
The Texas Stock Exchange aims to revive U.S. public markets with $150 million raised and support from major Wall Street firms, addressing a 40% decline in public companies since 1997.
- On Tuesday, the Texas Stock Exchange announced SEC approval of its Form 1 registration, making it the first fully integrated national exchange approved in decades with operations planned for 2026.
- Aiming to reverse a long decline, TXSE says it launched to confront a 40% drop in U.S. public companies since 1997 and filed its Form 1 registration in January after close SEC collaboration.
- Backed by major firms, TXSE raised over $150 million from BlackRock, Citadel and Charles Schwab, completed its proprietary order matching engine, and has leadership with more than 800 years combined experience.
- The exchange plans to begin operations in 2026 and expects a phased rollout throughout the year, with `We also will be having 100-plus jobs at the exchange here in the Dallas region,' Jeff Karcher, Global Managing Director, said.
- Stepping back, the approval makes TXSE the first major independent U.S. exchange based in Texas, with James H. Lee saying, `The State of Texas has a long-term vision for driving economic growth…'.
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Texas Stock Exchange secures SEC approval, expected to launch in 2026
AUSTIN (KXAN) -- Texas Gov. Greg Abbott said the Texas Stock Exchange (TXSE) was approved by the U.S. Securities and Exchange (SEC) on Tuesday, which means it can now operate as a national security exchange, like the New York Stock Exchange and NASDAQ. According to a press release, TXSE is the first fully integrated national securities exchange to receive SEC approval in decades. This milestone for the stock exchange revives the competition in …
·Austin, United States
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Texas Stock Exchange gets approval from Securities and Exchange Commission
The Texas Stock Exchange got a huge win Tuesday and is one major step closer to reality. The exchange has formally gotten the needed approval from the Securities and Exchange Commission to operate.
·Philadelphia, United States
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Total News Sources36
Leaning Left2Leaning Right0Center20Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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