Overview

• The SEC granted national exchange status to the Dallas-based TXSE, clearing it to operate alongside NYSE and Nasdaq.
• TXSE says it plans to open in 2026, positioning itself as a lower-cost, business-friendly listing venue.
• The exchange is backed by major investors including BlackRock and Citadel Securities.
• President Trump and Texas Gov. Greg Abbott praised the approval, casting the move as a shift of financial influence toward Texas.
• Analysts say the project’s viability depends on quickly attracting an initial wave of listings to establish liquidity and credibility.