Latest news with #TexasStockExchange
Reuters
04-08-2025
- Business
- Reuters
NYSE names public policy veteran Bryan Daniel as president of NYSE Texas
Aug 4 (Reuters) - The New York Stock Exchange on Monday named Bryan Daniel as the president of NYSE Texas, adding political experience to its leadership ranks as it seeks to expand in the state and counter rivals. His background in public policy could be key as NYSE works to strengthen its presence in a state that hosts the largest number of companies listed on the exchange. Daniel is the chair of the Texas Workforce Commission, which oversees and provides workforce development services to employers and job seekers of the Lone Star State. Prior to that, he was also part of Texas Governor Greg Abbott's senior staff. Daniel will report to Lynn Martin, president of the NYSE Group, the company said. Intercontinental Exchange-owned (ICE.N), opens new tab NYSE has scored some key wins recently, with AT&T (T.N), opens new tab and Trump Media & Technology Group (DJT.O), opens new tab opting to dual list on NYSE Texas. Its biggest rival Nasdaq (NDAQ.O), opens new tab, however, is also sharpening focus on the state, with plans to open a regional headquarters there. Besides, a new venture backed by heavyweights such as BlackRock (BLK.N), opens new tab and Citadel Securities, called the Texas Stock Exchange, is gearing up for a launch next year. The fierce competition highlights the growth of the state as a financial hub and a challenger to New York. Corporate giants, including Elon Musk's Tesla (TSLA.O), opens new tab and SpaceX, have moved their headquarters to Texas in recent years, drawn by what they view as a more business-friendly legal and regulatory climate.
Reuters
05-06-2025
- Business
- Reuters
Texas Stock Exchange CEO says 35% of US-listed public companies would not qualify for a listing
June 5 (Reuters) - As many as 35% of the 4,600 companies now publicly traded on a U.S. stock exchange would not qualify to list on the proposed new Texas Stock Exchange, James Lee, CEO of the TXSE, told the Piper Sandler Global Exchange & Trading conference on Thursday. Among those that would not qualify, Lee said, are Chinese-based companies that do not meet "basic" U.S. listing standards. He said he expects most of the TXSE's new listings business to come from smaller and mid-cap companies. The TXSE first disclosed its plans last June and earlier this year filed seeking regulatory permission to launch, which its officials and backers have said could happen in the second half of 2025.
Yahoo
05-06-2025
- Business
- Yahoo
Texas Stock Exchange CEO says 35% of US-listed public companies would not qualify for a listing
By Suzanne McGee (Reuters) -As many as 35% of the 4,600 companies now publicly traded on a U.S. stock exchange would not qualify to list on the proposed new Texas Stock Exchange, James Lee, CEO of the TXSE, told the Piper Sandler Global Exchange & Trading conference on Thursday. Among those that would not qualify, Lee said, are Chinese-based companies that do not meet "basic" U.S. listing standards. He said he expects most of the TXSE's new listings business to come from smaller and mid-cap companies. The TXSE first disclosed its plans last June and earlier this year filed seeking regulatory permission to launch, which its officials and backers have said could happen in the second half of 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
BlackRock removed from Texas boycott list after quitting climate groups
By Ross Kerber (Reuters) -Texas on Tuesday removed BlackRock from a list of companies seen as boycotting the energy industry, a step the New York asset manager won only with steep cuts to its climate ambitions. Texas Comptroller Glenn Hegar said the decision reflected BlackRock's retreats from industry climate groups like the Net Zero Asset Managers initiative. He also noted how the firm has lowered its support for shareholder environmental resolutions and backed a new Texas Stock Exchange. BlackRock "has acknowledged the real social and economic costs, both here in Texas and globally, that come from limiting investment in the oil and gas industry," Hegar said in a statement. The delisting will make it easier for Texas state agencies and funds to do business with the top asset manager. It could also help BlackRock answer claims brought by Texas Attorney General Ken Paxton over its environmental record. BlackRock representatives did not immediately comment. Hegar had added BlackRock and various European managers to his list in 2022 under a state law passed the prior year in response to Wall Street's embrace, at the time, of environmental and social investment priorities. Faced with the political pressure, various BlackRock rivals had also left industry climate groups and cut back on their support for shareholder resolutions, which called for changes like emissions cuts or limits. Democratic leaders and climate activists have accused the companies of going soft on their support for environmental matters they once touted. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
03-06-2025
- Business
- Yahoo
BlackRock removed from Texas boycott list after quitting climate groups
By Ross Kerber (Reuters) -Texas on Tuesday removed BlackRock from a list of companies seen as boycotting the energy industry, a step the New York asset manager won only with steep cuts to its climate ambitions. Texas Comptroller Glenn Hegar said the decision reflected BlackRock's retreats from industry climate groups like the Net Zero Asset Managers initiative. He also noted how the firm has lowered its support for shareholder environmental resolutions and backed a new Texas Stock Exchange. BlackRock "has acknowledged the real social and economic costs, both here in Texas and globally, that come from limiting investment in the oil and gas industry," Hegar said in a statement. The delisting will make it easier for Texas state agencies and funds to do business with the top asset manager. It could also help BlackRock answer claims brought by Texas Attorney General Ken Paxton over its environmental record. BlackRock representatives did not immediately comment. Hegar had added BlackRock and various European managers to his list in 2022 under a state law passed the prior year in response to Wall Street's embrace, at the time, of environmental and social investment priorities. Faced with the political pressure, various BlackRock rivals had also left industry climate groups and cut back on their support for shareholder resolutions, which called for changes like emissions cuts or limits. Democratic leaders and climate activists have accused the companies of going soft on their support for environmental matters they once touted. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
