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Texas Stock Exchange Approval: A Moat Test for US Listings?

"The Texas Stock Exchange received SEC approval to operate as an exchange, aiming to reverse the long decline in US public companies by reducing listing burdens. With backing from heavyweights like BlackRock, Schwab, and Citadel, it could be a real test of the duopoly's moat."

The podcast covers the new Texas Stock Exchange which recently earned SEC approval. The discussion centers around its potential to ease burdens on public companies and challenge the entrenched positions of NYSE and NASDAQ. With institutional backing from major players, it is seen as a noteworthy development though its immediate impact is likely limited.