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TXSE Group, supported by BlackRock and Citadel Securities, is set to inaugurate the Texas Stock Exchange.

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.

di Il Quotidiano Online

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