Planned new US national stock exchange headquartered in Dallas, Texas, currently in development.txse.com ↗
1 take · first discussed Jun 7, 2024
Private company — no public price to score. We track what they said; valuation-mark tracking is on the roadmap.
The only host on record here, Chamath, is bullish with high conviction on the Texas Stock Exchange, viewing it as a welcome disruptor to what he characterizes as a stagnant NYSE/NASDAQ duopoly. His core argument is that the two incumbents have failed to innovate and have grown regressive in their listing requirements, to the detriment of companies seeking capital. He believes the entry of a third player will introduce competitive pressure that produces more rational behavior across the exchange landscape. No other hosts' views are available to compare or contrast against Chamath's position.
Chamath strongly supports the Texas Stock Exchange as a competitive alternative to the NYSE/NASDAQ duopoly, arguing it could drive more rational listing requirements and better capital allocation.
I think that the duopoly hasn't created enough competition. So the NASDAQ and, and New York Stock Exchange haven't innovated. And in fact, they've, they've probably been a little regressive in terms of filing requirements, listing requireme”1:00:11