When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NDAQ - Nasdaq: Texas Stock Exchange Announcement Likely Not Cause For Major Concern
Nasdaq Inc.
2024-06-12 02:40:43 ET
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.
Reiterating Strong Buy Rating on Nasdaq Given Operating Leverage, Business Mix Shift and Accelerated Deleveraging Potential