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TXSE Group, with backing from BlackRock (BLK.N) and Citadel Securities, is initiating plans to establish the Texas Stock Exchange in Dallas, challenging the dominance of established New York-centric exchanges and aiming to lure global companies. Having secured approximately $120 million in funding, the exchange intends to submit registration documents to the U.S. Securities and Exchange Commission to commence operations as a national securities exchange later this year, announced TXSE on Wednesday.
