SEC Approves Texas Stock Exchange (cbsnews.com)
- Reference: 0179646552
- News link: https://yro.slashdot.org/story/25/10/03/2224246/sec-approves-texas-stock-exchange
- Source link: https://www.cbsnews.com/texas/news/sec-approves-texas-stock-exchange-txse/
> Exchange-traded products are financial instruments that follow the performance of underlying assets such as stocks, indexes or other financial benchmarks. Like stocks, ETPs are traded on public exchanges, allowing investors to buy and sell them throughout the trading day at market prices that fluctuate in real time.
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> TXSE was backed by wealth management giant BlackRock and market maker Citadel Securities, among other firms. The Texas company said in June 2024 that it raised a total of $120 million from more than two dozen investors. TXSE's headquarters in Dallas opened this spring, the group said.
[1] https://www.txse.com/press-releases/txse-group-inc-announces-sec-approval-of-texas-stock-exchange
[2] https://www.cbsnews.com/texas/news/sec-approves-texas-stock-exchange-txse/
Say goodbye to your 401k (Score:1, Insightful)
There's 10 trillion dollars in there and the billionaires wanted and they're going to get it. Texas is ludicrously corrupt. There is no way in hell your money isn't going to end up in their phony bologna stock exchange.
Yeah I know technically you can control where your money goes. Right now anyway. It won't last. I guess you could withdraw the money and take the tax penalties...
You put crooks in charge of everything. You think they're going to leave you alone? It is to laugh...
Re: (Score:2)
Texas resident here. I can't even find an above-board medical practice this year, I've bounced around between a few that are all engaged in fraudulent billing. Seems they're trying to scam the insurance companies, but my insurance is so shitty I end up seeing part of the bill. Also spent the last several years fighting "erroneous" (fraudulent) road tolls.
The state has made itself known as a destination for scammers. For a small fee, payable to Ken Paxton, you're licensed to scam in an industry of your choic
Moving it OUT of the NYSE (Score:1)
After that guy in NYC gets elected mayor, the NYSE will probably move OUT of NYC...move to Texas?
Re: (Score:2)
The mayor controls the stock exchange?
Conspiracy theorists.. (Score:2)
BlackRock, eh? Where are all the conspiracy nuts talking smack about this?
HFT trading will be interesting... (Score:2)
HFT trading there will be interesting. In NYC, the success you have for that is measured by the foot your Internet pipe is from the stock exchange, so it will be interesting seeing a scramble for real estate physically close to this.
Re: (Score:2)
> Texas Stock EXchange : TSEX
Far better then my initial post. My hat's off to you.
I do have an additional suggestion. It should be lower case tsex because lying about size is a big part (pun intended) of traditional Texas bullshit.
Just remember when this is modded down to -1,000,000 that you are insulting the proud heritage of the Texas Tall Tail.