New York Stock Exchange operator Intercontinental Exchange Inc (NYSE:ICE) has announced plans to launch NYSE Texas, a fully electronic equities exchange, headquartered in Dallas, Texas.
The move comes as a potentially competitive exchange called TXSE is also gearing up to launch. The TXSE, led by hedge fund investor James H (Jim) Lee, recently announced that it had completed a $161 million capital raise and formally filed with the US SEC to operate as a national securities exchange. The TXSE plans to launch trading in early 2026, with listings by the end of the same year.
Back to the NYSE’s plans, pending the effectiveness of regulatory filings, NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas, offering companies the opportunity to list…
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