[Image: istock, shutterstock, DI]
James Lee
Founder and CEO
TXSE Group
about the company’s plans to open a Texas stock exchange, according to the Dallas Morning News.
As mentioned in today’s headline, Lee’s TXSE Group Release Schedule Texas Stock Exchange (TXSE)The group, which is focused on Texas and the southeastern U.S., says it will be a “fully electronic, national securities exchange” that will provide a “venue for the trading and listing of public companies and a growing number of exchange-traded funds.” This has created buzz throughout Texas, and especially on Wall Street.
Lee told the Dallas Morning News that he credits the Texas governor with planning the launch. Greg Abbotthas been a long-time supporter of such efforts. (He also New York Stock Exchange Bell himself touted Texas as “the world’s eighth-largest economy, with an annual GDP of $2.35 trillion” last September.
“If we were to take action, [NYSE and NASDAQ]”This is just part of the competitive process,” Lee told DMN. “This is a national stock exchange, and if we’re fortunate enough to get SEC approval, then we’ll be able to focus our initial efforts.” [the Southeast] The adjustments we are making will enable us to capture some share in these markets.”
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