From Bloomberg, May 18:
The company behind the upstart Texas Stock Exchange named Jaime Gow as its chief financial officer and unveiled its board of directors, which includes executives from Jane Street Group and Hudson River Trading.
Gow joins TXSE Group as it plans to begin offering exchange-traded products on the exchange this summer. He has worked as an executive with financial technology firm Sagent and mortgage servicer Mr. Cooper Group Inc.
Board members include Jane Street’s Andrew Upward and HRT’s Darren Mulholland, who bring market-making experience to the Texas exchange’s effort to grab business from the established duopoly of NYSE Group Inc. and Nasdaq. Rich Steiner of Piper Sandler and Anna Kurzrok of Jefferies also joined the 12-member board.
TXSE hasn’t announced any companies planning dual listings or initial public offerings on the exchange, but it has raised some $270 million from investors including Citadel Securities and BlackRock Inc. Last year, it secured US regulatory approval as a national securities exchange....
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