BlackRock-backed TXSE Group to launch Texas Stock Exchange to counter NY rivals

BlackRock-backed TXSE Group to launch Texas Stock Exchange to counter NY rivals

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo

TXSE Group, backed by BlackRock and Citadel Securities, plans to launch the Texas Stock Exchange in Dallas, going up against established New York-centric exchanges in a bid to attract global companies.