Texas Stock Exchange, the Dallas-based listing venue taking aim at New York’s dominance, is one step closer to being open for business. TXSE received approval from the Securities and Exchange Commission Monday to operate as an exchange, paving the way for the TXSE to start listing shares next year. The idea for TXSE, pronounced “tex-ee,” came after some public-company executives groused that the New York Stock Exchange and Nasdaq saddle them with onerous regulations, TXSE Chief Executive James Lee says.
Texas Stock Exchange, the Dallas-based listing venue taking aim at New York’s dominance, is one step closer to being open for business. TXSE received approval from the Securities and Exchange Commission Monday to operate as an exchange, paving the way for the TXSE to start listing shares next year. The idea for TXSE, pronounced “tex-ee,” came after some public-company executives groused that the New York Stock Exchange and Nasdaq saddle them with onerous regulations, TXSE Chief Executive James Lee says.