SEC approves Texas Stock Exchange, first new US integrated exchange in decades
4 days ago
- #SEC
- #Texas
- #Stock Exchange
- SEC approves Texas Stock Exchange (TXSE) as a national securities exchange.
- TXSE is the first new, fully integrated U.S. stock exchange in decades and the only one based in Texas.
- TXSE plans to launch trading services, ETPs, and corporate listings in 2026.
- Exchange-traded products (ETPs) track underlying assets like stocks or indexes and are traded on public exchanges.
- Texas Gov. Greg Abbott praised TXSE, calling Texas a growing financial hub.
- TXSE is backed by BlackRock and Citadel Securities, raising $120 million from investors.
- TXSE's headquarters in Dallas opened in spring 2024.
- Previous regional exchanges merged with Nasdaq or NYSE due to SEC regulations favoring automated trading.
- Texas has the most Fortune 500 companies in the U.S. and a $2.4 trillion economy, larger than many countries.