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

Post by cool_dude85 » Wed, Oct 08, 2025, 7:55 PM UTC

lotsofpulp wrote: post #299

CyberDildonics wrote: post #292

Earlier quoted context omitted.

In a millionth of a second? This a rationalization for something that is only being done because it can be done.

When I press the buy and sell button, I want the transaction to happen as quickly as possible. So does everyone else. My millionth of a second is different than yours, and everyone else’s. It is no different than buying or selling anything else. And there is no loss from the additional liquidity, you can easily set a limit at which you want to buy or sell.

Post by mcmcmc » Wed, Oct 08, 2025, 7:59 PM UTC

kkukshtel wrote: post #202

kasey_junk wrote: post #90

Earlier quoted context omitted.

Each exchange can make its own rules for what it will list and how it will trade (within the broader SEC regulations). So yes it’s just a way to capture fees from listers who like your exchange better as the primary listing exchange and from market participants that must be in every exchange (latency sensitive HFT). None of the many exchanges that have started have made a dent in the existing duopoly for real share l…

This sounds like the sort of "norms" thing that a GOP-leaning state would abuse to circumvent SEC regulations by somehow declaring a state-owned exchange as some sort of SEZ to allow unregulated exchange between domestic and (primarily) foreign entities.

Post by lupusreal » Wed, Oct 08, 2025, 8:07 PM UTC

crowcroft wrote: post #64

lupusreal wrote: post #51

Earlier quoted context omitted.

> DEI protections Forgive my ignorance, but what does that mean in this context?

I don't think the NYSE had any DEI requirements, but the NASDAQ created a rule where boards needed some minority representation in order to be listed. That rule was challenged and overturned in court though. > On August 6, 2021, the SEC approved Nasdaq’s proposed diversity rule for companies listed on its exchange. The rule required Nasdaq-listed companies to (1) publicly disclose board-level demographic data annuall…

Post by stocksinsmocks » Wed, Oct 08, 2025, 8:13 PM UTC

CGMthrowaway wrote: post #213

kasey_junk wrote: post #90

Earlier quoted context omitted.

Each exchange can make its own rules for what it will list and how it will trade (within the broader SEC regulations). So yes it’s just a way to capture fees from listers who like your exchange better as the primary listing exchange and from market participants that must be in every exchange (latency sensitive HFT). None of the many exchanges that have started have made a dent in the existing duopoly for real share l…

So in other words, healthy competition, and may the best man win. Contrary to many comments this is more than political reaction/posturing. The state of Texas is the world's 8th largest GDP and a diverse one, with no one sector exceeding 9%. Texas is well-positioned relative to NYC for attention around AI, as it is not geographically constrained and has an energy advantage. There is financial credibility built in as…

Post by JumpCrisscross » Wed, Oct 08, 2025, 8:17 PM UTC

cool_dude85 wrote: post #311

lotsofpulp wrote: post #299

Earlier quoted context omitted.

When I press the buy and sell button, I want the transaction to happen as quickly as possible. So does everyone else. My millionth of a second is different than yours, and everyone else’s. It is no different than buying or selling anything else. And there is no loss from the additional liquidity, you can easily set a limit at which you want to buy or sell.

>When I press the buy and sell button, I want the transaction to happen as quickly as possible. So does everyone else. Nope, not me. I don't mind if it takes like 20 seconds or so.