There’s a new stock exchange coming soon to the United States of America.

‍What’s happening:‍

  • The Texas Stock Exchange has officially filed a Form 1 with the United States Securities and Exchange Commission to move closer towards being able to launch as a national securities exchange

Why it matters:‍

  • The Texas Stock Exchange is aiming to become the first new national stock exchange to launch in the United States in more than two decades

Going deeper:‍

  • BlackRock and Citadel are amongst the largest investors in the Texas Stock Exchange, previously leading their initial financing round
  • The Texas Stock Exchange also has multiple other notable investors, including Charles Schwab, Dell Family Office Management, Fortress and Jump Trading

‍