Nasdaq: Texas Stock Exchange Announcement Likely Not Cause For Major Concern

Jun. 12, 2024 2:40 AM ETNasdaq, Inc. (NDAQ) StockCBOE, ICE, NDAQ6 Comments
Peak One Analytics
64 Followers
(8min)

Summary

  • TXSE Group plans to launch the Texas Stock Exchange as a challenger to established exchanges like Nasdaq and Cboe.
  • Previous upstart exchanges have struggled to gain significant market share, with only a combined 6% of U.S. equity share volume.
  • The impact on Nasdaq's revenue and earnings from TXSE's launch is likely manageable, but the effect on listings and other capital access platforms remains uncertain.

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I am a former sell-side / buy-side equities analyst that has left the world of day to day trading but remains closely engaged with market and individual stock developments. I focus primarily on exchanges and brokers with a long / short fundamental approach to my analysis. My goal for these posts is to try and shed unique light on investment theses around the stocks I focus on. Any investing I do is purely for my own personal account.

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