The Texas Stock Exchange has named Greg Ferrari, formerly of Nasdaq, as its chief operating officer and Liz Hocker, formerly of NYSE Texas, as its global head of listings and capital markets. Both executives will be part of TXSE’s senior leadership team.
The appointments highlight TXSE’s robust momentum as it prepares to come online later this year, the company said.
“Greg and Liz are highly accomplished capital markets leaders who will bring even more firepower to a team that is the most experienced ever assembled to launch an exchange,” James Lee, founder and CEO of TXSE Group, said in a statement. “We continue to attract the industry’s best because there is wide recognition that fundamental change in our public markets is necessary and that TXSE is the vehicle to deliver it.”
He added, “This is a team that knows exactly what to build because they built the infrastructure we are setting out to disrupt.”
With $275 million in capital raised from some of the world’s largest financial institutions, TXSE said it has brought together a team of experts with more than 1,000 years of capital markets experience and engineered a world-class technology platform designed for modern markets.
TXSE said its goal is to generate competition in listings and provide an integrated offering for corporates and ETPs, “while driving greater alignment, transparency, and lowering the structural costs of being public.”
Setting ‘a new standard’
Ferrari has more than 20 years of experience in exchange operations and market structure, most recently as head of North American exchange trading at Nasdaq, where he was responsible for business management and strategy for its North American cash and derivatives markets.
In his new role of COO, Ferrari will lead the day-to-day operations of the exchange, guiding the teams responsible for market operations, technology infrastructure, and execution for TXSE’s trading and listings platform.
“TXSE has the unique advantage of having built everything from scratch—from its technology to its operating structure—without the constraints of legacy systems, and is using that opportunity to set a new standard for our target clients,” Ferrari said.
IPO expert
Hocker brings more than three decades of experience in capital markets, banking, and business operations, most recently as regional head of capital markets for the New York Stock Exchange and launching NYSE Texas in 2025. Prior to that, she was Nasdaq’s managing director for the southwestern U.S., where she guided more than 150 companies through successful IPOs representing over $117 billion in market value.
As global head of listings and capital markets, Hocker will lead the Texas Stock Exchange’s IPO listings business, working closely with companies and their advisors to develop TXSE’s issuer base and advance the exchange’s go-to-market strategy across U.S. and global capital markets, the company said.
“TXSE is purpose-built to give issuers a more aligned, cost-effective, and straightforward alternative to entering the public markets—and the listings business is built to reflect that at every level,” Hocker said.
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