Dream Exchange
Dream Exchange is a company currently in the process of preparing its formal application to operate a national market system stock exchange. It will be the first majority black-owned and operated company to operate a stock exchange in the history of the United States. In addition, Dream Exchange is championing the creation of a new type of stock exchange called a venture exchange, to list and trade small-to-mid-sized, early-stage company stock. Dream Exchange’s mission is to create equality of opportunity through a marketplace that instills ethics, integrity, humanity, and access into our financial markets.In 2015, Joe Cecala, Founder and CEO of Dream Exchange, began to research the capital marketplace and found that the small IPO market had been in decline since the late 1990's. The development of high-frequency electronic trading made small IPOs less profitable for large investment banks and stock exchanges and the result was a steep decline in the number of IPOs in the $50 million and under range. Cecala understood that this problem affected people from every sector of our society because, 92% of all jobs created within a company are created after the company goes public.Cecala’s solution was to create legislation to alter the market structure and to invent a new type of stock exchange designed for small-to-medium-sized businesses. In late 2019, Cecala partnered with Dwain Kyles, Managing Member of DX Capital Partners to allow for Dream Exchange's scope to expand and not only help small businesses, but also to address the lack of Minority representation in finance by becoming the first Minority-owned exchange.For more information about us, click here- https://www.liinks.co/dreamex
Company Overview
Dream Exchange is a privately held company established in 2016, headquartered in Des Plaines, Illinois. The company focuses on creating a venture exchange aimed at listing and trading stocks of small-to-mid-sized, early-stage companies. With a team size of 42, Dream Exchange operates within the Financial Services industry, emphasizing its commitment to enhancing access to capital for emerging businesses.
Founders
Joe Cecala is the founder of Dream Exchange, having initiated research into the capital marketplace in 2015. His findings highlighted a decline in small IPOs, which prompted the establishment of the company. In late 2019, Dwain Kyles joined as a partner, bringing expertise from DX Capital Partners to address the underrepresentation of minorities in finance.
Specialties
Dream Exchange specializes in various aspects of financial services, including stock exchange formation, capital raising, and investment opportunities. The company focuses on supporting small and medium businesses, early-stage investments, and promoting generational wealth. It also emphasizes diversity, particularly in supporting minority-owned and Black-owned businesses.
Mission and Vision
Dream Exchange aims to create the first minority-governed and owned stock exchange in U.S. history. The company's mission is to enhance representation in the financial sector and provide equitable access to capital for entrepreneurs and emerging businesses, fostering a more inclusive financial marketplace.
Industry Impact
By addressing the decline in small IPOs and focusing on minority representation, Dream Exchange seeks to impact the capital markets significantly. The company aims to facilitate investment opportunities for early-stage businesses and contribute to the growth of diverse entrepreneurship within the financial services sector.