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- 🔥What's hot in Houston's Innovation Ecosystem this week?
Happy Rocket Sunday!
You probably heard that the powerhouses of the financial world, including BlackRock and Citadel Securities, are throwing their weight behind TXSE. These financial giants are investing a whopping $120 million to get the Texas Stock Exchange project off the ground…
The goal? To start facilitating trades by 2025.
Cool. So, what does that have to do with me?
Well, I believe that more competition is always a good thing… It drives INNOVATION, reduces costs, and ultimately benefits businesses and investors.
It's an insane benefit for Texans.
Here's the quick lowdown: NYSE and Nasdaq make their money from hefty listing fees, trading fees on every buy/sell action, selling real-time market data, providing tech services, and charging for regulatory compliance. Basically, they get a cut from every step of the trading process, ensuring a steady cash flow from multiple streams.
Once TXSE gets the official go-ahead, they’ve got their work cut out to convince companies to jump ship from NYSE and Nasdaq…
TXSE aims to be fully electronic and might offer better technological solutions and efficiencies compared to the older systems at NYSE and Nasdaq.
Now, imagine this: a sleek, fully digital platform right here in Texas, shaking up the traditional stock exchange model. It’s poised to redefine trading, offering potentially lower fees and faster, more efficient transactions. That’s a game-changer, folks.
Why should you care? If TXSE pulls this off, it could mean more opportunities for local businesses to go public, creating a vibrant market right in our backyard. More companies could mean more jobs, more innovation, and more growth for our economy. Plus, it could attract new TECH STARTUPS and established firms looking for a more cost-effective, streamlined trading experience.
I hope… that TXSE will become not just an additional stock exchange but it's a potential economic powerhouse that could drive Texas into the future of finance. Keep an eye on this one because it might become another HUGE thing for Texas. For more info, check out the full articles on San and the Wall Street Journal.
So, what are your thoughts…? What kind of startups would come out of this?
- Oleg
NOW...LET'S ROCKET NETWORK!
We are using emojis to guide subscribers in our event list 📅📍
🚀 - must attend
🌶️🔥 - something hot
🤓💻 - good for developers and other technical folks
🦄💰- venture capital and investing-related
⚡- energy-related
♻️- renewable energy and sustainability-related
🏥 - health care related
🪖 - veteran or military related
🏅 - sports tech related
₿ - web3 related
HERE ARE OUR PICKS FOR THIS WEEK
Monday, June 10
Tuesday, June 11
Wednesday, June 12
Thursday, June 13
Friday, June 14
Saturday, June 15
⚠️Hosting a tech meetup or startup event? Submit it via the RocketNetwork Event Submission Form to boost your visibility!
Hopefully, useful links:
🚨The Workers Lab application cycle opens on Monday, April 22, 2024, and closes on Monday, July 15, 2024, at 11:59 PM PT. Start your application HERE.
🚨How Investment-Backed Startups Can Leverage AI to Boost Sales.
🚨BANKING FOR YOUR STARTUP + Free AWS Credits - LINK
🚨Master The Art of Crafting a Pitch Deck That Gets You Funded - LINK
FEATURED EVENTS
That’s a wrap for now, RocketNetworkers,
Stay tuned, and keep grinding!
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