Texas Stock Exchange: A New Challenger to NYSE & NASDAQ? | Pivot

ℹ️ EPISODE INFO

Released

June 11, 2024

Duration

5m

Channel

Pivot

Watch on YouTube

▶ Open ↗

📝 EPISODE DESCRIPTION

Kara Swisher and Scott Galloway discuss the proposed Texas Stock Exchange (TXSE), and whether it will be successful. Can it rival the NYSE and Nasdaq? And will Elon bring his business to the new exchange? #pivot #podcast #texas #txse #stockexchange

🎤 SPEAKERS

• Kara Swisher

  host

• Scott Galloway

  host

🧾 EPISODE SUMMARY

In this episode of Pivot, featuring Kara Swisher and Scott Galloway, Texas Stock Exchange: A New Challenger to NYSE & NASDAQ? | Pivot explores texas Stock Exchange Targets ‘Anti-Woke’ Edge Against NYSE and NASDAQ The hosts discuss the proposed Texas Stock Exchange (TXSE), a new, fully electronic exchange backed by BlackRock and Citadel that aims to compete with the NYSE and NASDAQ. They see more competition as broadly positive, especially if it lowers fees and pressures incumbents, while criticizing the overt politicization of the exchange as a “non-woke” alternative. The conversation explores how lighter listing and disclosure requirements might attract companies—possibly led by Elon Musk—while potentially undermining perceived quality. They also debate whether stock exchanges should engage in social engineering, like board diversity mandates, or simply act as neutral trading venues.

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