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Texas Stock Exchange moves closer to launch with leadership team, board
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Texas Stock Exchange moves closer to launch with leadership team, board
Sep 30, 2024 11:37 AM

NEW YORK, Sept 30 (Reuters) - The Texas Stock Exchange,

which is planning to launch next year, announced a board of

directors on Monday in its latest step toward building a

regional exchange to rival long-established platforms in New

York.

TXSE announced in June that it plans to register with the

U.S. Securities and Exchange Commission, having raised about

$120 million and backed by BlackRock ( BLK ) and Citadel

Securities.

Rick Perry, a former governor of Texas and former U.S.

energy secretary, was named to the board, TXSE said. Other

directors include Rick Roberts, a former SEC commissioner, and

Alex Bussandri, global head of strategy at Citadel Securities.

The exchange has drawn staff members from Nasdaq

and the New York Stock Exchange, a division of the

Intercontinental Exchange ( ICE ), as well as other trading

platforms.

The exchange also named Cam Smith as its global head of

trading and co-president. Smith began his career working for

electronic trading platforms and served as president of

Quantlab, an automated proprietary trading firm.

Jeff Brown, a former acting general counsel at Charles

Schwab ( SCHW ), is serving as general counsel of TXSE Group Inc

and chief regulatory officer of the exchange.

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