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SEC Approves Texas Stock Exchange, Clearing Path for 2026 Launch

Backers pitch a pro-business Texas base plus lighter listing burdens to lure issuers from incumbent venues.

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. Picture taken May 12, 2021. REUTERS/Andrew Kelly
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Overview

  • The SEC designation makes TXSE the first new fully integrated U.S. stock exchange in decades and the only one based in Texas.
  • TXSE says it will start trading stocks and exchange-traded products by early 2026, with corporate listings to follow that year.
  • The Dallas venture is backed by BlackRock, Citadel Securities and Charles Schwab, and it previously raised about $120 million from more than two dozen investors.
  • Executives say the exchange will target issuers in energy, technology and manufacturing while seeking to ease the costs and requirements of going public.
  • Incumbents are bolstering their Texas presence, with the NYSE opening a state outpost that named Trump Media & Technology as its first listed company there and Nasdaq planning a regional headquarters.