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.