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BlockBeats News, on February 1st, the parent company of the Texas Securities Exchange (TXSE) announced on Friday that the exchange has submitted documents to operate as a national securities exchange and plans to launch in 2026. The company hopes that the U.S. Securities and Exchange Commission will approve the application by the end of the year. The proposed exchange aims to reverse the trend of decreasing the number of listed companies and address the high cost of listing and staying on the exchange.
The exchange, while submitting the application, indicated that it has raised $161 million from more than 40 investors, including corporate giants such as BlackRock (BLK.N), Citadel Securities, Charles Schwab (SCHW.N), and major market makers and trading firms in the United States such as Jump Trading.