Texas Stock Exchange backed by BlackRock, Citadel to start trading from Dallas next year

With Texas Gov. Greg Abbott enforcing his own border policies and TEXIT gaining momentum with the state's Republican Party, perhaps we shouldn't be surprised that the state is taking another step toward becoming a semi-autonomous region. To that end, the Lone Star State is launching its own stock exchange. Houston financier James H. Lee, backed by a $120 million investment from asset management firms BlackRock and Citadel Securities, plans to launch the Texas Stock Exchange next year, the Wall Street Journal reported Tuesday.