Texas Stock Exchange Hires Nasdaq, Cboe Executives for ETP Push

An upstart stock exchange based in Texas has poached top talent from its big-name rivals as it prepares its push into the $11 trillion exchange-traded fund world.

Cboe Global Market’s former head of exchange-traded products listings Robert Marrocco will join the Texas Stock Exchange as its global head of ETP listings, while Nasdaq’s former head of ETP listings Alison Hennessy will join as TXSE’s managing director of ETPs, according to a Thursday press release.

It’s a bold statement of intent by the Texas Stock Exchange. The market for ETF and ETP listings is dominated by three big exchange operators: ...