As an aside, I'm pretty confused how this helps. The SEC is the main regulator and is federal. Corporate law is set by the state of registration (usually Delaware). To what degree does New York law even matter for exchange listed stocks?

it's this woke bullshit:

https://listingcenter.nasdaq.com/assets/Board%20Diversity%20Disclosure%20Five%20Things.pdf

Thanks for sharing.

Yes, the TXSE value proposition is related to the ongoing culture war, pitched as a safe haven for businesses from these influences.

Even more in focus today as Elon Musk moves X and SpaceX to TX from CA in response to a new diversity law.

Mostly betting no because NEH, but just going to point out that it's a heck of a conflict of interest for Citadel (which is one of the biggest HFT firms) to build an exchange in Texas (which is far enough away from New Jersey and Chicago that, if they were to build their own microwave channel, they could gain a speed advantage).

@ShakedKoplewitz it's what everyone thought Alameda was doing with ftx until it turned out no, they were somehow managing to lose money despite owning the exchange.

This will go as well as their separate, unregulated power grid.

@BrunoParga So pretty good I guess

@Riley12 it did earn Ted Cruz a trip to Cancun...

i have weak priors on this and really only bet on ai topics

but presumably the odds are less than 5% given the network effects associated with the nyse and nasdaq (legal, financial)