The exchange is aiming to tap in to disaffection with increasing compliance costs at Nasdaq and NYSE and newer rules like one setting targets for board diversity at Nasdaq. Backers of the TXSE, as it is known, pledge it will be more CEO-friendly.
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New Texas stock exchange takes aim at New York’s dominance
“Dallas has become one of, if not the most, dominant financial centers in the country, if not the world,” Lee said.
