What You Need To Know About the Blackrock-Backed Texas Stock Exchange

Key TakeawaysThe TXSE Group announced plans Wednesday to officially file registration papers with the Securities and Exchange Commission (SEC) to create the Texas Stock Exchange.The project has received $120 million in funding, with investors including BlackRock and Citadel Securities.The Wall Street Journal reported backers of the effort "pledge it will be more CEO-friendly" than the New York Stock Exchange and Nasdaq. Texas may soon be the home of a new national stock exchange, as the TXSE Group announced ...