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

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

Kara SwisherhostScott Gallowayhost

Jun 11, 20245mWatch on YouTube ↗

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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