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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 (“TXSE”). 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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According to the WSJ, the idea behind the TXSE is to be “more CEO-friendly”, apolitical, and with fewer “onerous” compliance costs than the NYSE-Nasdaq duopoly. The strategy is to attract companies that are displeased with regulations such as Nasdaq’s “Board Diversity Rule”. In force since 2023, this rule requires boards to have at least one member who self-identifies as a woman and another who self-identifies as an underrepresented minority or LGBTQ+.

 

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.  

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