Are Stock Exchanges Bigger In Texas? It turns out things really are bigger in Texas, at least if you're Citadel or BlackRock and want to start your own stock exchange. In a potentially significant development for the financial markets, the Texas Stock Exchange (TXSE) plans to officially launch by 2026 and compete with the long-established NASDAQ and New York Stock Exchange (NYSE). And this isn’t just a small startup being built in someone’s garage. This new stock exchange is being backed by some big time financial powerhouses, including BlackRock and Citadel Securities. The idea behind the planned launch of the Texas Stock Exchange is rooted in the growing sentiment among some investors and corporations who feel disenfranchised by what they perceive as the increasingly stringent and politically influenced regulations of the traditional stock exchanges. The NASDAQ and NYSE have, in recent years, introduced several rules aimed at promoting diversity and corporate social responsibility. While these rules are well-intentioned, they have been met with resistance from those who view them as overreach. The TXSE presents itself as an alternative that champions free-market principles without the added layer of what some critics call "woke" policies. Texas has long been a symbol of independence and economic freedom, making it a fitting location for this new exchange. The state's business-friendly environment, coupled with its less restrictive regulatory framework, offers an attractive proposition for companies looking to avoid the more prescriptive measures of other exchanges. This appeal is further enhanced by Texas' robust economy and its status as a hub for various industries, including technology, energy, and healthcare. The involvement of financial giants like BlackRock and Citadel Securities adds significant credibility to the TXSE. BlackRock, the world's largest asset manager, and Citadel Securities, a leading market maker, bring substantial expertise, resources, and investor confidence. Their participation suggests that the TXSE is not just a regional experiment but a serious contender on the national and potentially global stage. While the TXSE's anticipated launch is generating excitement, it is also raising questions about its potential impact on the existing financial ecosystem. Some analysts believe that the TXSE could siphon off listings from both the NASDAQ and NYSE, particularly from companies that align more closely with its regulatory philosophy. Think Red states versus Blue states. However, others argue that the established exchanges have entrenched positions and a level of liquidity and global reach that will be challenging to match. Contents of this video: 00:00 Are Stock Exchanges Bigger In Texas? 00:24 Texas Stock Exchange (TXSE) plans to officially launch by 2026 00:37 Texas Stock Exchange (TXSE) is backed by BlackRock and Citadel Securities 01:09 Texas Stock Exchange (TXSE) is being created as an alternative that champions free-market principles without the added layer of what some critics call "woke" policies 01:19 Texas has long been a symbol of independence and economic freedom 01:53 BlackRock is the world's largest asset manager, and Citadel Securities is a leading market maker 02:30 Texas vs New York = Think Red states versus Blue states 02:43 TXSE's approach to technology and trading infrastructure will be crucial to its success Founder/Content Creator: Chris Thompson https://www.linkedin.com/in/christopherjthompson/ irl Media NEWS brings you the business behind the news, with a healthy dose of sarcasm. irl Media NEWS Newsletter: https://irlmedianews.beehiiv.com irl Media NEWS YouTube: https://www.youtube.com/@irlMediaNEWS irl Media NEWS PODCAST: https://irlmedianewspodcast.buzzsprout.com irl Media NEWS Website: https://irlmedianews.com/ Check us out on socials: X/Twitter: https://twitter.com/irlMediaNEWS LinkedIn: https://www.linkedin.com/company/irl-media-news Facebook: https://www.facebook.com/irlmedianews Instagram: https://www.instagram.com/irlmedianews Threads: https://www.threads.net/@irlmedianews TikTok: https://www.tiktok.com/@irlmedianews Mastodon: https://mastodon.social/@irlMediaNEWS Bluesky: https://bsky.app/profile/irlmedianews.bsky.social irl Media NEWS is completely self funded & privately owned, so we are beholden to no one except our own morals and ethics. The opinions expressed in our videos are exactly that - our opinions, and should be regarded (or disregarded depending on your perspective) as those of a small independent media organization bringing you original content in the form of YouTube videos, podcasts, e-Newsletters, and social media content.