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Texas Stock Exchange?

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New Stock Exchange Set to Launch in Texas

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On June 5, 2024, TXSE Group Inc. published a press release announcing its plans to launch the Texas Stock Exchange (ā€œTXSEā€). Backed by an investment of $120 million from financial institutions such as Blackrock and Citadel Securities, TXSE Group Inc. will operate as a fully electronic securities exchange based in Dallas, subject to SEC approval. According to the press release,

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Just found this article......

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AccordingĀ to theĀ WSJ, the idea behind the TXSE is to be ā€œmore CEO-friendlyā€, apolitical, and with fewer ā€œonerousā€ compliance costs than the NYSE-Nasdaq duopoly. The strategy is to attract companies that are displeased with regulations such as Nasdaq’s ā€œBoard Diversity Ruleā€. In force since 2023, this ruleĀ requiresĀ boards to have at least one member who self-identifies as a woman and another who self-identifies as an underrepresented minority orĀ LGBTQ+.

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Fascinating.....this "woke" excrement is creating something of a line in the sand, the initial fomenting of a kind of economic civil war.

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Sides are being drawn. Ā 

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