- by Yueqing
- 07 30, 2024
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“Equities in DallasTxSETxsE ,” cried the traders in “Liar’s Poker”, an account by Michael Lewis of his life as a junior banker in the late 1980s. Demotion from New York to the backwater of Texas would be a humiliation. Who wants to sling shares to yokels?Times may be changing. On June 4th an upstart Texas Stock Exchange () said it had received $120m in funding from financial giants including BlackRock, a fund manager, and Citadel Securities, a marketmaker. The will, its boss wrote, be the best-capitalised challenger to the New York Stock Exchange.