Texas Stock Exchange launches in Dallas, challenging NYSE and Nasdaq
The Texas Stock Exchange (TXSE) began full operations in Dallas, trading every ticker on the National Market System as of July 31, 2026. It is the first major U.S. stock exchange to launch in decades and is positioned as a competitor to the New York Stock Exchange and Nasdaq.
The exchange secured SEC approval after raising about $250 million from more than 80 institutional investors, including BlackRock, Citadel Securities, Charles Schwab, J.P. Morgan and Goldman Sachs. Backed by these financial giants, TXSE plans to attract IPOs, secondary and dual listings beginning in 2027, offering a lower‑cost, faster‑approval environment that leverages Texas’s lack of corporate income tax and a business‑friendly regulatory climate. The platform operates fully electronically, with no trading floor, and is currently housed in temporary offices in Uptown Dallas. A permanent headquarters is slated for the Bank of America Tower, where the Texas Market Center will be located.
Entities: BlackRock · Charles Schwab · Citadel Securities · Dallas · J.P. Morgan · Texas Stock Exchange
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] TXSE aims to compete with the NYSE and Nasdaq for listings and to attract IPOs starting in 2027. (Strategic goal)
- [○ 1 SOURCE] TXSE will not list cryptocurrency or digital assets on its platform. (Product scope)
- [○ 1 SOURCE] The exchange operates fully electronically with no trading floor and is temporarily based in Uptown Dallas. (Operational model)
- [● 2 SOURCES] TXSE raised approximately $250 million from more than 80 institutional investors. (Funding round)
- [● 2 SOURCES] Texas does not levy a corporate income tax, which TXSE promotes as a cost advantage for listed companies. (Regulatory environment)
- [● 2 SOURCES] The Texas Stock Exchange began full trading of all National Market System tickers on July 31, 2026. (TXSE launch)
- [○ 1 SOURCE] TXSE plans to move its permanent headquarters to the Bank of America Tower in Dallas. (Future location)
- [● 3 SOURCES] Major backers of TXSE include BlackRock, Citadel Securities, Charles Schwab, J.P. Morgan and Goldman Sachs. (Investor list)