CECO Environmental and International Bancshares Move Listings to TXSE
What happened
CECO Environmental Corp. and International Bancshares Corporation are transferring their primary stock listings from Nasdaq to the Texas Stock Exchange (TXSE). CECO Environmental's trading on Nasdaq is scheduled to end after the market closes on October 16, with trading on TXSE beginning on October 19. International Bancshares Corporation is also moving its primary listing to TXSE.
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Why it matters
TXSE is building its corporate listings business to compete with Nasdaq and the New York Stock Exchange. The transfer of these two companies adds to the number of Texas companies listing on TXSE, strengthening the state's financial market infrastructure.
Major trading platforms, including Nasdaq and NYSE, are facing competition from new trading products and market entrants.
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Who's involved
- CECO EnvironmentalTechnology company transferring its primary stock listing from Nasdaq to TXSE.
- International Bancshares CorporationAmerican financial services company transferring its primary stock listing from Nasdaq to TXSE.
- NasdaqAmerican fully electronic stock exchange from which the companies are transferring their listings.
Keep exploring
Part of
Major trading platforms including CME Group, Coinbase, Nasdaq, NYSE, and ICE are facing competition from new trading products and market entrants.Also in this story
- Ripple has launched Ripple Prime, its prime brokerage arm, which clears trades at CME Group exchanges.
- Polymarket launched a regulated U.S. exchange and secured investment from Intercontinental Exchange.
The entities involved
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CECO Environmental
Technology company
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International Bancshares Corporation
American financial services company
Nothing else this week.
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Nasdaq
American fully electronic stock exchange