Texas Stock Exchange raises $161 million from more than 48 investors including Jump Trading

On February 1st, the parent company of the Texas Securities Exchange (TXSE) announced that it has submitted an application to operate as a national securities exchange in the United States, with the goal of launching in 2026. The exchange hopes to reverse the trend of declining numbers of US listed companies and address what it calls the "high costs of going public and maintaining public status." The exchange also stated that it has raised $161 million in funding from over 48 investors, including BlackRock, Castle Securities, Jachin Capital, and major US market makers and trading firms such as Jump Trading.