The financial landscape of the United States is poised for a significant transformation with the upcoming launch of the Texas Stock Exchange (TXSE).
Scheduled to go live in 2025, the TXSE aims to provide a new platform for businesses to access capital and for investors to engage in the trading of public companies and exchange-traded products (ETPs).
The TXSE will be headquartered in Downtown Dallas and is the brainchild of CEO James Lee.
Backed by major financial players such as BlackRock and Citadel Securities, the exchange has secured approximately $135 million in investments as of September 20241.
The substantial financial backing from these companies shows the seriousness and confidence in TXSE’s potential to become a major player in the U.S. equity markets.
“Texas has become the home of capital in the United States,” said Abbott.
“Today, our great state is staking claim as a home of capital markets with the addition of the Texas Stock Exchange. This is another step that expands our financial might in the United States and cements our economic power on the global stage.”
The leadership team of the TXSE, often referred to as ‘Y’all Street,’ has been meticulously assembled to steer the exchange towards success.
The team will focus on creating a fully electronic national securities exchange that will cater to both U.S. and global companies.
The approach is designed to attract a diverse range of listings and trading activities, positioning TXSE as a premier venue for equity capital markets.
Pending approval from the U.S. Securities and Exchange Commission (SEC), the TXSE plans to execute its first trades by the end of 2025, with listings expected to commence in early 2026.
“The Texas Stock Exchange will ensure that businesses have access to capital and that market participants have more choices. Texas is the modern embodiment of the American Dream, where everyone has an opportunity to succeed, and the Texas Stock Exchange will ensure even more businesses have that opportunity”, said Abbott.