Citadel and BlackRock back project to start a national stock exchange in Texas
Publishing timestamp: 2024-06-05 09:20:23
Summary
TXSE has raised $120 million with support from investors to start a new national stock exchange in Texas, aiming to be a "more-CEO friendly" alternative to NYSE and Nasdaq. The exchange plans to be fully electronic and seek registration with the SEC, targeting companies in the southeastern US. Warren Buffett's Berkshire Hathaway owns 3% of the entire T-bill market, while various financial institutions recommend buying global tech stocks like Nvidia and Apple.
Sentiment: NEUTRAL
Tickers: BLK,
Keywords: blackrock inc, texas, business news, breaking news: markets, markets,