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The Texas Stock Exchange LLC (TXSE) has taken a significant step toward becoming a new player in the U.S. financial markets by filing its Form 1 registration with the U.S. Securities and Exchange Commission (SEC), TXSE Group Inc announced Friday.
The filing, submitted by TXSE Group Inc, proposes a fully integrated national securities exchange that would offer trading, corporate listings, exchange-traded products (ETPs), auctions, and a range of data products.
If approved, the TXSE would be one of the first new exchanges to receive SEC approval in the past two decades.
The TXSE aims to address the high costs associated with going public and maintaining a listing, while also fostering greater alignment between issuers and investors.
The exchange is currently developing an order-matching engine designed to deliver low latency, predictable performance, and speed comparable to the world’s top-performing markets.
Pending SEC approval, the TXSE plans to launch trading in early 2026, with listings expected by the end of that year.
“Today marks another milestone in our journey to make the Texas Stock Exchange a reality,” said James H. Lee, founder and CEO of TXSE Group Inc.
“Our team of market veterans and experienced technologists is committed to our long-term vision of revitalizing competition for listings and enhancing trading in the U.S. capital markets.”
In addition to the SEC filing, TXSE Group Inc announced the successful closure of its initial capital raise at $161 million, making it the most well-capitalized exchange to ever file a Form 1.
The funding round attracted a diverse group of founding investors, including major liquidity providers, retail and institutional investors, and business leaders from across the country.
Notable investors include BlackRock, Citadel Securities, Charles Schwab, Dell Family Office Management, Fortress, Jump Trading, Squarepoint, Susquehanna Private Equity Investments, and Tower Research.
“The composition of our founding ownership was intentional and deliberate,” said Lee. “The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond.”
The TXSE is also considering additional financing to accelerate its plans further.
The exchange’s development comes at a time when competition among U.S. stock exchanges is intensifying, with market participants seeking alternatives to existing platforms.
TXSE’s entry into the market could provide a fresh option for companies looking to list their shares and for investors seeking new trading opportunities.
As the SEC reviews the application, the financial industry will be watching closely to see how this new exchange could reshape the landscape of U.S. capital markets.
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