Type:Notice
Citation:90 FR 15375
Reading Time:about 5 minutes
The Texas Stock Exchange LLC (TXSE) has filed for registration as a national securities exchange with the Securities and Exchange Commission (SEC). The application, submitted in January 2025 and amended in April 2025, includes details on how TXSE plans to meet legal requirements. TXSE aims to offer an automated trading system with a simple order structure and no physical trading floor. The SEC is inviting public comments on this application before making a decision.
Simple Explanation
The Texas Stock Exchange wants to become an official place where people can buy and sell stocks without using a real-life market floor, and the SEC is asking people what they think about this idea before they decide if it's okay.