New York might be the financial center of the universe, but Texas is hoping to chip away at that title.
Fundraising is underway for a new national stock exchange that will be based in Dallas—and BlackRock and Citadel Securities are already on board, reports the Wall Street Journal. The new market, which hopes to begin trading next year and list its first stock in 2026, is meant to be an alternative to the New York Stock Exchange and Nasdaq and avoid certain rules of those entities, including board diversity targets at Nasdaq.
