DALLAS, Texas (KBTX) – Wall Street is about to get a run for its money from “Y’all Street.”
The Securities and Exchange Commission (SEC) recently granted federal approval for the upcoming Texas Stock Exchange (TXSE) to open up in 2026.
“We are really excited to continue to submit Texas as a center of gravity for the U.S., specifically for finance,” said Nicole Chambers, TXSE’s global managing director of listings.
The new exchange hopes to provide a spark to the nationwide financial sector by becoming a new major player in the industry. Traditionally, the New York Stock Exchange and the NASDAQ have operated as a duopoly as stock exchanges.
“We are at an all-time low of companies that want to be public. We’re seeing an inconsistent rate of IPOs,” said Chambers, outlining the opportunity for TXSE to make an impact.
“We really need to revitalize the public markets in the U.S.,” she continued. “They’re an envy of the world. Who better to compete and offer choice than Texas?”
TXSE was launched in June 2024 with $120 million in investment backing announced at the time. More than $60 million of additional funding was disclosed after the SEC’s formal approval of the project.
“We’re looking for Dallas to become a global financial hub in the next few years,” Chambers stated, “Alongside London, Hong Kong, and other great cities around the globe.”
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