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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

#111

Post by bluGill »

javier123454321 wrote: post #89

Pardon my ignorance but can anyone can help me figure out what does it mean to have a new stock exchange? Dont exchanges sell the same stocks? Is it just a way to earn some fees by capturing some of the trades in their platform? I'll obviously google it now but I'd appreciate some insight.

> Dont exchanges sell the same stocks?

No. Each company chooses what exchange their stock is sold on. Sometimes (often for large companies) you are on more then one exchange, but never all of them.

Nothings stops an exchange (laws may not allow this but remember exchanges are in many countries and only subject to the laws of their country) from handling stock that the company doesn't want on them, but the value of an exchange is other people are looking there when they want to buy and sell and so it would be hard to get enough traders if the company doesn't want to list with you.

Not all exchanges handle stocks. There are other things traded as well.

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

#112

Post by cozzyd »

leetharris wrote: post #60
cozzyd wrote: post #10

Hope they have ample backup power

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.

I'm not sure what is meant by Redditors... I haven't used Reddit in many years.

Admittedly anectodal, but I don't remember any power outage here in Chicago over the last 11 years I lived here, but I was in Texas for work for a few weeks this summer at the NASA balloon base and there were multiple power outages.

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

#113

Post by next_xibalba »

leetharris wrote: post #60
cozzyd wrote: post #10

Hope they have ample backup power

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.

Texan here. Going without power for a week during the 2021 winter black out really, really sucked. It had huge economic consequences.

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

#114

Post by DudeOpotomus »

When you can buy a Governor, you buy a Governor.

When you can buy a State, you buy a State.

When you can buy a SCOTUS Justice, you buy a SCOTUS Justice or 6.

When you can buy a POTUS, you buy a POTUS.

Elon bought them all and many of you cheer. Says more about you than Elon but speaks mountains about the core of our culture and our national ethos but mostly about how easy it is to pervert people and their false ideology with money.

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

#115

Post by chrismustcode »

SkipperCat wrote: post #13

The 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…

Couldn’t they just send some hardware down Texas to co-locate there (presuming specialist hardware) and add another deployment target for their software? Would it be that hard?

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

#116

Post by next_xibalba »

cozzyd wrote: post #112
leetharris wrote: post #60

Earlier 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.

I'm not sure what is meant by Redditors... I haven't used Reddit in many years. Admittedly anectodal, but I don't remember any power outage here in Chicago over the last 11 years I lived here, but I was in Texas for work for a few weeks this summer at the NASA balloon base and there were multiple power outages.

The Houston metro area is particularly bad. When I lived in Austin, the outages were very rare. In Houston, I would guess there is at least 1 outage every month that lasts for an hour on average.

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

#117

Post by hackernewds »

jfalcon wrote: post #110

Doesn'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"?

Arbitrage and the agents conducting these transactions is good for open rational markets. In fact they are essential

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

#118

Post by victor106 »

> At $2.4 trillion, Texas' economy is larger than many countries', including Russia, Canada and Italy, according to a report from the governor's office.

California's economy is $4.1 trillion and has a much higher chance of growing larger with most of the AI companies based out of CA.

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

#119

Post by indoordin0saur »

chrismustcode wrote: post #115
SkipperCat wrote: post #13

The 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…

Couldn’t they just send some hardware down Texas to co-locate there (presuming specialist hardware) and add another deployment target for their software? Would it be that hard?

The issue is the speed of light.

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

#120

Post by halfmatthalfcat »

DudeOpotomus wrote: post #114

When you can buy a Governor, you buy a Governor. When you can buy a State, you buy a State. When you can buy a SCOTUS Justice, you buy a SCOTUS Justice or 6. When you can buy a POTUS, you buy a POTUS. Elon bought them all and many of you cheer. Says more about you than Elon but speaks mountains about the core of our culture and our national ethos but mostly about how easy it is to pervert people and their false ideol…

What does this have to do with TXSE?
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