Earlier quoted context omitted.
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The NY4 data center is on the edge of a tidal marsh (The Meadowlands) in Secaucus NJ, I would be curious to know Hudson County NJ uptime and the uptime for the area near the Texas data center.
SEC approves Texas Stock Exchange, first new US integrated exchange in decades
101–110 of 493 posts
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#102Earlier quoted context omitted.
Yes, from https://www.txse.com/solutions : TXSE's goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public. The alignment part translates IMO to avoiding political / social science policy issues like avoiding affirmative action listing requirements like the Nasdaq Board Diversity Rules that was just recently repealed: https://corpgov.law.harvard.edu/2025/01…
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EU member states have more sovereignty than US states by a big margin. There isnt even a federal tax in EU.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#103Earlier quoted context omitted.
> Texas loses power one time for a week and the redditors will never let it go. Wild how this is still a cringe joke so many years later. Texas had the most number of power outages between 2019 and 2023 [1]. It wasn't one time. And it's not a joke. Infrastructure weatherization is a very real overlooked (and expensive) investment that still has not taken place. [1]: https://www.congress.gov/118/meeting/house/116952/d…
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Maybe you got a bit lucky.
https://en.wikipedia.org/wiki/2021_Texas_power_crisis#Backgr...
> In 2011, Texas was hit by the Groundhog Day blizzard between February 1 and 5, resulting in rolling blackouts across more than 75% of the state… Following this disaster, the North American Electric Reliability Corporation made several recommendations for upgrading Texas's electrical infrastructure to prevent a similar event occurring in the future, but these recommendations were ignored due to the cost of winterizing the systems.
> Unlike other power interconnections, Texas does not require a reserve margin of power capacity beyond what is expected. A 2019 North American Electric Reliability Corporation report found that ERCOT had a low anticipated reserve margin of generation capacity and was the only part of the country without sufficient resources available to meet projected peak summer electricity demand.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#104Earlier quoted context omitted.
Texas loses power one time for a week and the redditors will never let it go. Wild how this is still a cringe joke so many years later.
"There have been 263 power outages across Texas since 2019, more than any other state, each lasting an average of 160 minutes and impacting an estimated average of 172,000 Texans, according to an analysis by electricity retailer Payless Power ( https://paylesspower.com/blog/blackout-tracker/ )" Also in 2021 210 people died. This is a huge deal. This wasn't just a little outage.
Texas has installed a vast number of solar and battery backup systems since 2019. And it will be a few years, but is going HEAVILY into nuclear (and for the next 3.5, is going to get auto-approval to actually build them. ERCOT is changing fast, don't rehash stale narratives.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#105Hope 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…
There are grids where you are planning for hours of power outage, grids where you plan for days, and grids where you plan for weeks. Texas is in that last category. And you have to ensure your internet uplink has similarly reliable backup power
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#106Earlier quoted context omitted.
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…
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Is this true though? Texas has had some well-publicized failures (well, really one major one), but as best as I can tell they are more or less middle of the pack on grid reliability[1].
I mean, you'll need a backup generator anywhere, but the report I found (admittedly with just a bit of googling) makes it seem like Texas is a better potential location than quite a few states (including California).
[1] - https://www.citizensutilityboard.org/wp-content/uploads/2021...
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#107Earlier quoted context omitted.
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…
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Yeah, Oncor isn’t great. They do just enough to keep the lights on for regular customers. But I’m pretty sure large data centers negotiate a higher level of service and purchase power at discounted rates. FB, for example, has a massive data center in the Alliance corridor — check out the link. Those trailer-sized units you see along the outside of the building are enormous diesel or natural gas generators — more than a hundred of them, each about the size of a locomotive. They even have their own electrical substation. The scale and redundancy of that place are unbelievable.
https://www.google.com/maps/@32.9832754,-97.2573651,467m/dat...
So I’d imagine they could keep everything running for as long as necessary. I remember during the big winter outage a few years ago, they didn’t have any issues at all.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#108Earlier quoted context omitted.
When you have headlines like this: https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82a...
Relevancy to the question raised above, aside, that's a bad article headline as it doesn't match the contents. SEC Chair says they are going to hunt crooks more aggressively, but won't leverage dawn raids as much to chase technical violations.
> SEC set to see hundreds leave through buyout, retirement offers
https://www.politico.com/news/2025/03/21/sec-buyouts-retirem...
> US SEC buyouts hit legal, investment divisions hardest, data shows https://www.reuters.com/business/world-at-work/secs-legal-in...
> SEC Formally Withdraws Fourteen Rule Proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-...
The actions generally do not seem to match the words, and seem to point to a general trend of deregulation and lack of oversight (as the administration has said they would do, and especially in the crypto space has essentially stopped prosecuting crimes)
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#109Hope they have ample backup power
Equinix Dallas was hours from running out of fuel during the last snowpocalypse.
Re: SEC approves Texas Stock Exchange, first new US integrated exchange in decades
#110Doesn't this increase opportunity for arbitrage as it's not likely exchanges are going to be perfectly synchronized to the overall market? Also doesn't this also offer opportunities to sell pink sheets stocks in what is conceivably a "fresh market"?