The U.S. Securities and Exchange Commission has approved the Texas Stock Exchange (TXSE) as a national securities exchange, marking the first fully integrated U.S. exchange in decades and the only one headquartered in Texas. Founded by James H. Lee, TXSE aims to offer trading services, corporate listings, and exchange-traded products (ETPs) starting in 2026.
The Dallas-based exchange is backed by major investors, including BlackRock and Citadel Securities, having raised $120 million from more than two dozen firms. Texas Governor Greg Abbott praised the development, emphasizing its potential to strengthen the state’s financial sector and economic influence.
The launch of TXSE comes as Texas continues to expand its financial footprint, now home to the highest number of Fortune 500 companies in the nation and a growing base of private equity and publicly traded firms. With an economy valued at $2.4 trillion, the state offers a strong foundation for the exchange’s operations.
