Doubtful - duopoly based market and these guys aren't really offering anything super differentiated.

Having two major institutions and requirement for brokers to be connected will drive some volume but dual listings don't make a ton of sense and I can't imagine there is a tremendous amount of demand for initial listings on a nascent platform.

Just my $0.02.

Real TX Stock Exchange

I don't know much about this, but it's intriguing. From very limited knowledge:

• Initially, the first companies to list on this new exchange will likely have a stigma - - i.e. "what are they trying to hide by avoiding NYSE or NASDAQ?"
• Their initial focus (reduced listing requirements, regional focus) may have limited desirability longer-term
• The end-to-end electronic process sounds good, but don't the others now offer that?
• A lot will depend on their overall listing process - if it's far more accepting in terms of, for example, lower-priced stocks, less stringent initial disclosures, lower listing fees, or lower ongoing requirements and fees, they might find a niche.
• Long-term success will likely depend on them carving out specialty niches (i.e. start-ups, SPACs, Oil and Gas, foreign companies, penny stocks, etc.). I'd probably tag onto the anti-Delaware corporate relocation sentiment if I were them, touting themselves as guardians/defenders of free enterprise without taking political stances (either way).

Out of a pure territorial interest, I hope they succeed, but I won't hold my breath.