With the U.S. Securities and Exchange Commission’s (SEC) official approval, the Texas Stock Exchange (TXSE) has been given the green light to operate as a national securities exchange. It is the first fully integrated national securities exchange to receive this approval in decades. The financial hub is expected to begin trading stocks and exchange-traded products in 2026.
The formation of the exchange was originally announced in 2024 with financial backing from multiple major investment industry titans. The SEC’s clearance sets the stage for Texas to pioneer itself as a national financial powerhouse, directly competing with the two existing national stock exchanges. TXSE has already developed its order matching engine and exchange platform in anticipation of its launch, utilizing cutting-edge technologies to provide low-latency performance, flexibility and scalability.
Texas has been staking itself as a center for business and finance for years, becoming the home for the largest number of New York Stock Exchange (NYSE)-listed companies in America. As more prominent businesses relocate their headquarters to Texas, state leaders work toward creating new venues to tap into public markets and reclaim Texas’ role as a financial juggernaut.
TXSE will be a lynchpin in the state’s efforts to position itself as a business-friendly hub – capitalizing on its approach to lower taxes and less regulations – with plans to attract listings from high-growth industries such as energy, technology, manufacturing, healthcare and e-commerce. The exchange intends to reduce the burden of going and staying public to address a decades-long decline in the number of U.S. public companies – a number that has fallen from more than 8,000 in the 1990’s to around 4,400 in the modern era.
Texas has been hailed as one of the most aggressively pro-business environments and powerful economies on both a national and global scale. With a $2.7 trillion economy, Texas is listed as the 8th largest economy in the world, outcompeting other powers including Russia, Canada and Italy.
Gov. Greg Abbott has lauded the TXSE for its approval, voicing his expectations for the exchange’s contributions to the Texas economy. “I congratulate the Texas Stock Exchange for the launch of Texas’ own trading platform that will spur economic development and expand the financial might of our great state around the world,” Abbott said.
The approved launch is the latest major exchange addition to the state of Texas. Earlier this year, NYSE finalized its plans to reincorporate its Chicago operations in Dallas, establishing NYSE Texas. While the two Dallas-based exchanges will be in fierce competition with each other, their existence provides Texas with an unfettered advantage in attracting new business and contributing the state’s holistic economic stature.
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