Dallas-based Texas Stock Exchange began an advertising campaign at Dallas Fort Worth International Airport and other prominent locations in the region earlier this year. [Photo: TXSE Group]
The Dallas-based Texas Stock Exchange has resolved a trademark dispute with the Toronto Stock Exchange over its “TXSE” branding, The Texas Lawbook reported. Separately, Bloomberg reported that total funding for TXSE Group, the exchange’s parent company, has reached $270 million with new backing from Goldman and Bank of America.
In June, TXSE Group announced plans to launch the Texas Stock Exchange (TXSE), focused on enabling U.S. and global companies to access U.S. equity capital markets via a “fully electronic, national securities exchange." In the months since, that's led to endless discussion of the impact of North Texas' "Y'All Street." It was capped by yesterday's announcement that the TXSE had raised over $135 million to date as it named members of TXSE's board—including former Texas Governor and former U.S. Energy Secretary Rick Perry; former SEC Commissioner Rick Roberts; and Alex Bussandri, the global head of strategy at Citadel Securities.
As we noted in our top story today, Lee's TXSE Group plans to launch the Texas Stock Exchange (TXSE), focused on Texas and the Southeast U.S. The group says it will provide "a venue to trade and list public companies and the growing universe of exchange-traded products" as a "fully electronic, national securities exchange." That's caused buzz across the Lone Star State—and especially on Wall Street.
Watch out, Wall Street—a Dallas-based stock exchange is bucking its way into U.S. equity capital markets. And it's already lined up around $120 million in funding from BlackRock, Citadel Securities, and other investors including "prominent business leaders from around the country."
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North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Dallas–Fort Worth has become one of the fastest-growing business ecosystems in the United States. Major corporations continue relocating headquarters to North Texas, venture-backed startups are scaling, and entrepreneurs from across the country are increasingly choosing Dallas as the place to build....
Southern Methodist University has announced the formation of The Dallas Office at SMU. The university describes it as its “front door to the city and region,” aimed at deepening collaboration with Dallas-based corporations, civic organizations, and community partners while expanding access to its talent, research, and expertise....
Balerion Space Ventures, a Dallas-based venture capital fund investing in next-gen space, defense, and deep technology companies, has announced the appointment of Beau Spradling as chief financial officer and the establishment of the firm’s headquarters at the Old Parkland campus....
Nextdoor, the popular online neighborhood network, has announced the opening of its Dallas office, in a city that’s already home to the company’s co-founder and CEO, Nirav Tolia. Also based in Dallas is Indrajit Ponnambalam, the company’s chief financial officer....