贝莱德（BlackRock）、Citadel Securities支持的初创公司计划推出德克萨斯证券交易所

Texas is seeking to steal some of New York's financial thunder. TXSE Group Inc., said on Wednesday that it plans to launch the Texas Stock Exchange, a fully electronic, national securities exchange.

The company completed its initial capital raise with the participation of more than two dozen investors, including large financial institutions and liquidity providers, such as BlackRock (NYSE:BLK) and Citadel Securities. With $120M raised, TXSE plans to submit later this year a registration with the U.S. Securities and Exchange Commission to operate as a national securities exchange.

The new exchange is intended to provide corporate issuers and exchange-traded product sponsors with more stability and predictability around listing standards and associated costs, the company said. For example, Nasdaq (NASDAQ:NDAQ) has come under criticism for imposing targets for board diversity. Both Nasdaq and the New York Stock Exchange ("NYSE"), which is part of Intercontinental Exchange (NYSE:ICE), have added more rules and increased compliance costs, rankling corporations.

"TXSE will ultimately create more competition around quote activity, liquidity and transparency, resulting in more consistent and reliable markets that benefit investors, global issuers and liquidity providers alike," said TXSE founder and CEO James Lee.

Texas, touting its business-friendly environment, has attracted a raft of corporations in recent decades. The state has become the home to more Fortune 500 companies than any other state, Dallas-based TXSE said.

The new exchange targets facilitating trades in 2025 and hosting its first listing in 2026, said the Wall Street Journal, which first reported the news.

Other upstart stock exchanges have attempted to break Nasdaq's and NYSE's duopoly, with little success. In 2021, Asana (ASAN) and Twilio (TWLO) were the first two companies to list on the Long-Term Stock Exchange, and Members Exchange, or MEMX, started trading in 2020 with seven stocks.