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A comment on SEC approves Texas Stock Exchange, first new US integrated exchange in decades.

Re:SEC approves Texas Stock Exchange, first new US integrate... by viraptor on Wednesday October 08, 2025 @08:04AM (#45515212)
> world-class exchange rooted in alignment

Does this actually mean something specific?

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Re:SEC approves Texas Stock Exchange, first new US integrate... by chronic74939 on Wednesday October 08, 2025 @08:17AM (#45515327)
> Does this actually mean something specific?

Probably:

Trade matching algorithms (prorata, FIFO, TOP) and rules (capital requirements, market impact definitions) will align with the interests of the most profitable customers.

Citadel Securities, with their HFT-level returns of 50-100% per year will not venture into a losing business.

Note, CitSec is different from Citadel (hedge fund), and the hedge fund is also crazy with 40% annual return before fees (past 20 years) and 19% after fees to the outside passive investor.

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Re:SEC approves Texas Stock Exchange, first new US integrate... by brcmthrowaway on Wednesday October 08, 2025 @04:35PM (#45520322)
How does this compare to HRT?
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Re:SEC approves Texas Stock Exchange, first new US integrate... by pols45 on Wednesday October 08, 2025 @12:11PM (#45517744)
No. They have planted a seed and Trees don't grow overnight.
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Re:SEC approves Texas Stock Exchange, first new US integrate... by downrightmike on Wednesday October 08, 2025 @02:56PM (#45519392)
Enron 2.0
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