Everyone knows the names of the two major national stock exchanges: the New York Stock Exchange and the Nasdaq stock market. In fact, there are currently a total of 16 national stock exchanges in the United States, each with a slightly different set of rules, regulations, and reasons for being. Later this year, however, the menu will expand when the Texas Stock Exchange (TXSE) plans to open for business. It is well-capitalized and backed by sophisticated market actors. It also coincides with a broader push by Texas to become a corporate law powerhouse. This week, my colleagues Yelena Dunaevsky and Walker Newell cover some of the key preliminary features of the TXSE that should matter to directors and officers of corporations considering listing in Texas.
Source: Trading Places? Checking in on the New Texas Stock Exchange