The upcoming launch of the Texas Stock Exchange (TXSE) is forcing a structural shift in how broker-dealers manage their middle- and back-office technology. Faced with a compounding “engineering tax” of connecting to an increasingly fragmented market, Tier-1 firms are actively abandoning in-house application programming interfaces (APIs) and turning to A.I.-driven vendor platforms to prevent costly… Read More >>
The Ops Realities of the Texas Stock Exchange
The Texas Stock Exchange (TXSE) has a compelling marketing pitch: a $270 million electronic national exchange headquartered in Dallas to capture the “Boom Belt” corporate migration. However, the day-to-day reality for back-office operations teams remains firmly on the East Coast. According to technical filings, daily execution remains physically anchored in Equinix NY6 in Secaucus, New… Read More >>
