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