Reaction is coming in from across the country after investors announced plans to open a new national stock exchange based in Dallas.
The Texas Stock Exchange has $120 million in funding lined up, and its leaders hope to compete with the major stock markets in New York.
Amid optimism over the potential economic impact a stock exchange could bring to the DFW area, local experts told NBC 5 the project still had hurdles to clear before it could compete with the hundreds of billions traded daily on the NASDAQ and NYSE.
On Tuesday, an ownership company called TXSE announced it was moving forward with the Texas Stock Exchange, hoping to rival New York markets by 2026.
“With Texas’s booming economy, pro-business policies, and growing population, the right moment has finally come,” TXSE said in a statement announcing the move.
“There’s a lot of energy and a…
