Texas is, by some criteria at least, the eighth largest economy in the world, sandwiched between France and Brazil, with a gross domestic product of approximately $2.3 trillion.
The Lone Star State is also second only to California in hosting the headquarters of Fortune 500 companies, equaling New York as of 2024.
Now, some investors in the state want to see such economic heft and what is viewed as a business-friendly climate to be reflected in a new Texas-based stock exchange. The Dallas-based exchange, the TXSE, would be a fully electronic national securities exchange, and its backers plan to submit a registration for it with the Securities and Exchange Commission later in 2024.
Most of the people sourced for this article welcomed the competition the TXSE might offer the established exchanges such as the New York Stock Exchange and the Nasdaq.
“We are always in favor of…
