The Texas Stock Exchange has $120 million in funding lined up, and its leaders hope to compete with the major stock markets in New York.
The effort to launch a stock market in Dallas by 2026 is being supported by large investment firms BlackRock and Citadel SecuritiesReaction is coming in from across the country after investors announced plans to open a new national stock exchange based in Dallas.
And recent economic growth has attracted companies like Hewlett-Packard and Tesla to relocate their headquarters here. “It sounds exciting, but to the average investor, this is not going to have any immediate impact,” said Bill Dendy, President of Alicorn Investment Management.
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