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Schwab Lists Shares on New Texas Stock Exchange
Original: Schwab Initiates Secondary Listing on the Texas Stock Exchange
Charles Schwab has initiated a secondary listing of its shares on the Texas Stock Exchange, the newly launched Texas-based venue challenging the incumbent exchanges in New York. The brokerage becomes one of the early prominent companies to trade on the platform, a boost for the exchange as it seeks to establish itself and draw listings away from NYSE and Nasdaq.
Why now: A major brokerage backing a new challenger to the NYSE and Nasdaq signals a shift in the US exchange landscape.
Charles SchwabTexas Stock Exchange
Evidence
- Schwab Initiates Secondary Listing on the Texas Stock Exchange · Charles Schwab Press Releases
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