[caprese]

Is this more than a Regulation ATS approval?

If this is a national stock exchange, then that would be fitting for silicon valley and California. If bankers here would like to take other parts of the transaction for IPOs and direct listings it could really be a boon for the state and remove a lot of the pressure from New York investment banks, as California is economically larger than other most countries with relevant financial centers. On many lists, California is only in 5th place GDP worldwide because the United States as a whole is above it and double counts California.

[hendzen]

nope this is a real national securities exchange approval: https://www.sec.gov/rules/other/2019/34-85828.pdf