Well we wait for TXSE to do IPO and get listed in NYSE/NASDAQ and then we buy TXSE since house always wins.
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SEC approves Texas Stock Exchange, first new US integrated exchange in decades
31–40 of 493 posts
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#32This headline is kind of dumb. Yes, there is yet another new venue. But other recent "new" venues include MIAX, IEX, MEMX, and soon to be active - 24X. Oh and let's not forget the Long Term Stock Exchange (LTSE).
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#33Earlier quoted context omitted.
I imagine as businesses move away from NY and SF, they want their stock exchange to move with them, and for similar reasons.
Why would businesses want to move away from the 4th largest economy in the world to less successful states?
Theres a lot of reasons people will list (cultural, cost of living, quality of life) but the real answer is
1. Texas is a corrupt state and you can bribe your way in to power
2. No income tax
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#34The Miami stock exchange (MIAX) has their matching engines colocated in Equinix's NY4 data center in Secaucus NJ, much like many other exchanges. I would not be surprised if TXSE does the same. Many trading firms already have their trading engines in that data center and I would assume TXSE would want quick access to that order flow and this might be easier if they are in NY4. Of course, they may want to have their c…
If anything they will build a backup DC in Texas so they can hold that over NJ in case the local government starts talking about transaction taxes again. The CME is currently building a “backup” private Google Cloud datacenter in Dallas.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#35Is there anything interesting or novel about this exchange, other than its headquarters are located in Texas? From what I can tell, the primary data centers will be in New Jersey like all the others.
Run by Blackrock & Citadel, instigated in part to circumvent DEI protections, in a State that can’t keep their power grid stable, promising less regulations for the people running it and listing their companies on it.
Simply put, this is Republicans pushing for “Y'all Street". Target one will be earnings reports, but the eventual push will be to not be overseen by the SEC in some important capacity.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#36Nothing to see here, no conflict of interest.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#37Hope they have ample backup power
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Reddit can become a echochamber, a one sided flog machine, all good content decaying, no good or viable business after 10 years (propped up by YC investors), it’s even become a slur to denote a certain type of brain and eventually it will die off like slashdot and digg did.
But you won’t be able to take the Redditors off the internet. They be lurking, waiting with a perfectly annoying post ironic millennial reply.
I hope the TSE does well and expect the state with the largest concentration of energy tycoons and businessmen will figure out how to add grid robustness - a problem solved in nearly all states.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#38The Miami stock exchange (MIAX) has their matching engines colocated in Equinix's NY4 data center in Secaucus NJ, much like many other exchanges. I would not be surprised if TXSE does the same. Many trading firms already have their trading engines in that data center and I would assume TXSE would want quick access to that order flow and this might be easier if they are in NY4. Of course, they may want to have their c…
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Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#39Can only imagine how washtrading will become like American pie.
There were already two exchanges. I don't think this changes much.
More than that, London and Tokyo both have well known exchanges, and large US companies are often listed on both of those as well. If you tried to tell me that no other country has an exchange I'd call you a lair without bothering to fact check you. (My impression is New York, London, and Tokyo are the big ones that matter in the world and everything else is a me too - but in their niche/country they may still be a big deal)
Most smaller companies are just listing on something like NASDAQ, which isn't confined to a city. With modern computers the idea of an exchange in a city is not nearly as useful as it was 150 years ago.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#40The Miami stock exchange (MIAX) has their matching engines colocated in Equinix's NY4 data center in Secaucus NJ, much like many other exchanges. I would not be surprised if TXSE does the same. Many trading firms already have their trading engines in that data center and I would assume TXSE would want quick access to that order flow and this might be easier if they are in NY4. Of course, they may want to have their c…
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