Are you an entrepreneur in need of capital? You may have been focusing on private equity, venture capital, and other alternative investment sources. Next year, however, an unexpected sector may present you with new opportunities.
It’s the Stock Exchange sector, a source of capital that has existed for centuries. Operating under the TXSE acronym, the new Texas Stock Exchange will launch in Dallas. Meanwhile, using the GIX moniker, a group of former New York Stock Exchange executives will launch a new sustainability-themed entity called the Green Impact Exchange.
During the nineteenth and twentieth centuries, numerous Stock Exchanges operated across the United States. Most of them, however, merged into a handful of trading conglomerates. The NASDAQ, for instance, acquired the Philadelphia Stock Exchange after the venerable organization absorbed the Baltimore, Washington, and Pittsburgh Exchanges.
Until recently, few believed that newly formed Stock Exchanges could compete with much larger rivals in a cost-effective manner. New technologies, though, are expected to level the playing field and bring significant cost efficiencies to these smaller entities.
Furthermore, the ongoing evolution of the American economy may enable certain entrepreneurs to leverage multiple new opportunities. Because Texas is now the nation’s largest producer of renewable energy, for instance, regional entrepreneurs in the sustainability field may be eligible to consider both the TXSE and the GIX for their capital requirements.
Will these Exchanges find a niche in the investment sector? They’ll clearly face many competitors in the market. Nevertheless, the new entities will likely improve conditions for entrepreneurial firms in need of capital.
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