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The Texas Stock Exchange Lures Leadership From Nasdaq, NYSE as it Targets Listings

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The Texas Stock Exchange, a Dallas-based bourse backed by Michael Dell, BlackRock and other major asset managers, has hired executives from Nasdaq and the New York Stock Exchange as it seeks to bring company listings to Texas. The move creates a new competitor to incumbent US exchanges and could influence listing choices for Texas-based companies and trading dynamics among exchange operators.

Analysis

The Texas Stock Exchange, a Dallas-based bourse backed by Michael Dell, BlackRock and other major asset managers, has hired executives from Nasdaq and the New York Stock Exchange as it seeks to bring company listings to Texas. The move creates a new competitor to incumbent US exchanges and could influence listing choices for Texas-based companies and trading dynamics among exchange operators.

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