Texas Stock Exchange Backed by BlackRock, Citadel Raises $120 Million, to File with SEC

Jun 5, 2024, 12:29 AM

The Texas Stock Exchange, backed by major Wall Street firms BlackRock and Citadel Securities, is set to file registration documents with the SEC later this year, WSJ reports. The new exchange has raised approximately $120 million from investors, including BlackRock and Citadel Securities, and aims to compete with established exchanges like the NYSE and Nasdaq. The Texas Stock Exchange plans to list ETFs as part of its offerings.