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Texas Stock Exchange Begins Test Trades as Part of Staged Rollout
The exchange plans to roll out thousands of U.S. stocks this month and add exchange-traded products by the third quarter, officials said.
On Monday, the Texas Stock Exchange launched staged trading operations in Dallas, initiating public access to securities and marking the first live test of the new, well-funded exchange.
Backed by $275 million in investments from major firms like BlackRock and Citadel Securities, TXSE received federal approval in 2025 after announcing plans in June 2024.
Texas has evolved into a major financial hub, boasting 939,600 financial sector jobs and a 111% expansion in investment banking roles over 20 years, economist Ray Perryman noted.
In response to the upstart exchange, both the New York Stock Exchange and NASDAQ have established Texas branches, moves TXSE officials describe as validation of regional economic strength.
Exchange officials plan to list Exchange-Traded Products by the third quarter, with corporate listings expected in the fourth quarter as symbols like Tesla Inc. roll out through July.