Texas Stock Exchange Officially Opens
The exchange backed by $275 million will phase in symbols this month before adding exchange-traded products, corporate listings and initial public offerings.
- The Texas Stock Exchange became fully operational on Monday, launching member trading about nine months after SEC approval, with public trading set to begin on Friday, July 10.
- Backed by record $275 million in funding, TXSE aims to challenge the NYSE duopoly with support from Citadel Securities, BlackRock and Charles Schwab, offering lower fees and business-friendly rules.
- Members began trading seven test securities this week, including CTEST, NTEST and ZVV, on a platform built from scratch and "free of the technical debt that accumulates on systems with functions layered on over decades," TXSE said.
- Throughout July, thousands of stock symbols will roll out for public trading, followed by exchange-traded products in the third quarter, corporate listings in the fourth quarter, and initial public offerings in 2027.
- TXSE plans permanent headquarters in Uptown Dallas with a Texas Market Center featuring a business museum and trading floor, as Texas hosts 386,000 financial sector workers and the most Fortune 500 headquarters nationally.
12 Articles
12 Articles
Texas Stock Exchange officially operational, launches trading on platform
Ready, set, trade. The Texas Stock Exchange became fully operational Monday, as trading officially launched on its platform about nine months after the nascent Dallas-based exchange received approval from the U.S. Securities and Exchange Commission.
Texas Stock Exchange just launched and public trading is expected Friday
In this photo illustration, the proposed new national stock exchange The Texas Stock Exchange (TXSE) logo seen displayed on a smartphone with an economic stock exchange index graph in the background.
The Texas Stock Exchange began operations for members in Dallas and is preparing to open to the public on July 10, in a movement that seeks to consolidate the so-called Y’all Street as a new financial pole in front of Wall Street. *** The Texas Stock Exchange began a trial negotiation phase for members only on July 6. Opening to the public is scheduled for July 10 with five initial values and more additions over the coming weeks. The Dallas-base…
Coverage Details
Bias Distribution
- 43% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
