The Wall Street Journal explains: “New York politicians, watch out. A new stock exchange based in Texas could soon challenge Nasdaq and the New York Stock Exchange—and the Empire State’s status as America’s financial capital. The TXSE Group on Wednesday announced it has raised $120 million for a new electronic trading platform dubbed the Texas Stock Exchange (TXSE). Its investors include BlackRock and Citadel Securities…. Progressives in Albany recently threatened to revive a long-dormant stock transfer tax to pay for their migrant and mass transit messes. Go ahead, make the Texas exchange’s day.” Read the rest in the WSJ editorial: “Wall Street Moves to Texas.”
#ConpaniesLeaveNewYork, #BusinessLeavesNewYork, #NewYorkBusiness, #StockExchange, #Nasdaq, #NYSE, #TXSE, #GoldmanSachs, #WellsFargo, #BankofAmerica, #Dallas, #Texas, #EconomicDevelopment