Texas Stock Exchange Announces Board of Directors

The Texas Stock Exchange (TXSE) is preparing for its launch in 2024, aiming to compete with major exchanges in New York. Recently, it announced its board of directors, which includes high-profile figures like former Texas Governor Rick Perry and former SEC Commissioner Rick Roberts, as well as Alex Bussandri from Citadel Securities. Backed by significant financial support of $120 million from industry giants such as BlackRock and Citadel, TXSE is positioning itself as a credible contender in the financial market. The exchange has also recruited experienced professionals from well-known trading platforms, appointing Cam Smith as global head of trading and Jeff Brown as general counsel. TXSE's establishment is seen as a potential shift in the U.S. stock exchange landscape, promoting regional growth and diversification. This move could encourage increased competition and innovation in trading solutions, benefiting investors.