Blackrock and Citadel are now leaving New York

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BlackRock and Citadel are indeed backing a new Texas-based national stock exchange, which could be seen as a departure from the traditional financial centers of New York. The Texas Stock Exchange (TXSE) aims to provide an alternative for companies seeking relief from compliance costs at the NYSE and Nasdaq. While it’s not a physical relocation, it represents a shift in the financial landscape.

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h/t roadrunner

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