The Texas Stock Exchange (TXSE) is officially seeking approval from the Securities and Exchange Commission (SEC), signaling its ambition to challenge the dominance of the New York Stock Exchange (NYSE) and Nasdaq. Fueled by frustration with existing regulations and listing costs, TXSE aims to offer a more business-friendly environment, attracting both established companies and emerging growth firms.
Based in Dallas, the exchange plans to focus on attracting listings from the Southern states, but expects to draw interest from national and global companies as well. TXSE believes that its streamlined approach and lower fees will create a compelling alternative for companies looking to access public markets. The exchange also aims to be more accommodating to corporate governance preferences, potentially attracting companies wary of the more stringent requirements of the NYSE and Nasdaq.
TXSE is backed by a group of prominent investors, including major financial institutions and private equity firms. The exchange intends to launch its first listings in 2025 and fully operational in 2026. Its emergence reflects a growing trend of regional exchanges seeking to carve out niches within the highly competitive U.S. equity market. The TXSE’s success will depend on its ability to attract sufficient trading volume and listings to establish itself as a viable competitor to the established players. The exchange’s official motto is still under development, but some have nicknamed it “Y’all Street” due to the state’s unique culture and identity.
