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SEC approves Texas Stock Exchange, first new US integrated exchange in decades

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Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#41

Post by Spooky23 »

tcbawo wrote: post #4

Is 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.

People online like to yak about the woke nonsense.

Reality is there are tax and regulatory advantages. The courts are setup in a way that is favorable to business. They read a very strict interpretation of contracts which is good in some scenarios.

Texas politics is a train wreck, but their bureaucracy is pretty good for a business - things like permitting and other regulatory processes are faster. They also will firehouse you with incentives.

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#42

Post by [deleted] »

ineedaj0b wrote: post #37
excalibur wrote: post #18

Earlier quoted context omitted.

[flagged]

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…

[deleted]

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#43

Post by kstrauser »

philipallstar wrote: post #8
tcbawo wrote: post #4

Is 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.

I imagine as businesses move away from NY and SF, they want their stock exchange to move with them, and for similar reasons.

And yet, it’ll be inevitably be seen as the Dollar Store stock exchange.

“Well, we IPOed!”

“Congratulations!”

“…in Texas.”

“Do you need to use me as a reference?”

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#44

Post by ijidak »

janmo wrote: post #7
tcbawo wrote: post #4

Is 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.

Hopefully they will provide cheap market data like IEX did in its beginning.

Is there a similar source you're aware of, cheap with a clean API? Hated to lose IEX.

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#45

Post by 0xbadcafebee »

piltdownman wrote: post #35
tcbawo wrote: post #4

Is 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.

> in part to circumvent DEI protections

Those were struck down 11 months ago, though?

> eventual push will be to not be overseen by the SEC

But no crimes will be committed, because they're trustworthy businessmen

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#46

Post by bluGill »

cozzyd wrote: post #10

Hope they have ample backup power

Doesn't matter where you are you need that. There is no place in the world where the grid is reliable enough that someone who wants to operate with high reliability can get by without ample backup power. Grid power is normally a lot cheaper than running backup power (that is the capital and maintenance costs are sunk costs, just counting fuel) so it isn't worth disconnecting from the grid despite having enough backup power that you could.

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#47

Post by ivape »

tcbawo wrote: post #4

Is 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.

Speculation (no pun intended), but …

CEO OF Robinhood has been talking about offering crypto as a vector for acquiring shares for private companies:

https://www.sec.gov/about/crypto-task-force/written-submissi...

This admin and this new exchange would probably allow all kinds of nonsense to be publicly traded compared to other exchanges.

We’ve got three more years to go and this exchange, or anything new that happens in Texas is absolutely going to be tied with deregulatory ambitions.

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#48

Post by runako »

ineedaj0b wrote: post #37
excalibur wrote: post #18

Earlier quoted context omitted.

[flagged]

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…

> expect the state with the largest concentration of energy tycoons and businessmen will figure out how to add grid robustness

This reads like the energy tycoons and businessmen only recently moved to the state, and now they can fix the problems. My understanding is that these energy tycoons and businessmen presided over the creation and deterioration of the Texas grid in the first place.

Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades

#50

Post by ToucanLoucan »

bluGill wrote: post #46
cozzyd wrote: post #10

Hope they have ample backup power

Doesn't matter where you are you need that. There is no place in the world where the grid is reliable enough that someone who wants to operate with high reliability can get by without ample backup power. Grid power is normally a lot cheaper than running backup power (that is the capital and maintenance costs are sunk costs, just counting fuel) so it isn't worth disconnecting from the grid despite having enough backup…

[flagged]
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