Texas-Based Stock Exchange Launching as ‘Anti-Woke’ Alternative to New York’s Financial Market
Backers, including Wall Street giants BlackRock and Citadel, hope to provide a more chief-executive-friendly investment platform.
As Wall Street leans further and further into socially responsible investing, one group of Texas entrepreneurs thinks it’s time for an “anti-woke” stock exchange to compete with the big guns in New York.
The stock exchange, which so far has raised about $120 million from individual investors and investment firms and is backed by Wall Street giants BlackRock and Citadel Securities, plans to file for registration later this year, according to its chief executive, James Lee.
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