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

On February 1st, the parent company of the Texas Stock Exchange (TXSE) announced that the exchange has submitted application documents to operate as a national securities exchange in the US, with the goal of launching in 2026. The exchange hopes to reverse the continuous decline in the number of US Listed Companies and solve the problem of "high costs for companies to go public and maintain their listing status". The exchange also stated that it has raised $161 million from more than 48 investors, including corporate giants such as BlackRock, Castle Securities, Schwab Wealth Management, as well as major US market makers and trading institutions such as Jump Trading.