The New York Stock Exchange opened its doors over 230 years ago. It has been one of the iconic symbols of America’s economic might for more than two centuries.
But for how much longer?
Now the challenge for supremacy isn’t coming from London or Tokyo or Hong Kong or Beijing. It’s coming from Texas.
The Wall Street Journal reported in recent days that the Texas Stock Exchange is now officially open for business, and trading is expected to start soon. Everything is big in Texas, as the saying goes, so New Yorkers should take this rival stock exchange seriously.
In some ways, the idea that…
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