DEI is driving big companies to Texas
unherd.com
This week, news broke that an organisation by the name of TXSE Group was planning to challenge the NYSE and Nasdaq by launching a Texas Stock Exchange, based in Dallas. Big backers with deep pockets are involved: TXSE has already raised $120 million from investors including BlackRock and Citadel Securities, “as well as prominent business [...]Read More...
  • protist@mander.xyz
    6·
    6 months ago

    Intensified reporting requirements, higher litigation expenses, costly regulations, overbearing board governance, shareholder activism, heightened public scrutiny and the pressure of quarterly earnings have driven companies away from public markets.

    Then:

    This seems to be yet another chapter in the ongoing saga by which the cultural and economic dominance of blue-state institutions diminishes as progressives undermine their own position through a combination of overreach, arrogance, naivete and myopia.

    Lmao a logical conclusion. Certainly not a political opinion in search of an argument lol

  • Nomecks@lemmy.ca
    4·
    6 months ago

    There’s no more room in the NYSE datacenter. They can’t frontrun properly without a new exchange!

  • Neuromancer@lemm.eeM
    28·
    6 months ago

    Citadel is an interesting beast. Ken is an interesting man. To be fair, they hire the best of the best of the best. They don’t care about anything else other than how good you are. As such they have a lot of diversity at Citadel.