# Texas Stock Exchange launch

> Live situation record from CLSTR: https://clstr.news/situations/texas-stock-exchange-launch
> Updated: 2026-08-03T17:05:00.000Z. Sources: 7. Developments: 3.

In mid‑July 2026 the Texas Stock Exchange (TXSE) opened a new trading venue in Dallas, backed by roughly $275 million from major financial firms and cleared by the SEC. By the end of July the platform was trading every ticker on the National Market System, positioning itself as a direct competitor to the NYSE and Nasdaq and securing about $250 million from more than 80 institutional investors.

On 3 August 2026 TXSE began live trading, marking the first new major U.S. exchange in decades. The venue continues to operate from temporary offices in Uptown Dallas and plans to relocate to the Bank of America Tower, where the Texas Market Center will be housed. Corporate listings are slated to start later in 2026, with IPO activity expected from 2027. TXSE emphasizes Texas’s rapid economic growth, low taxes and job‑creation momentum—coined the “Boom Belt”—as incentives for companies to list on the new platform.

## Claims

- Major backers of TXSE include BlackRock, Citadel Securities, Charles Schwab, J.P. Morgan and Goldman Sachs. (corroborated by 3 sources)
- The Texas Stock Exchange began full trading of all National Market System tickers on July 31, 2026. (corroborated by 2 sources)
- TXSE raised approximately $250 million from more than 80 institutional investors. (corroborated by 2 sources)
- TXSE aims to compete with the NYSE and Nasdaq for listings and to attract IPOs starting in 2027. (corroborated by 2 sources)
- Texas does not levy a corporate income tax, which TXSE promotes as a cost advantage for listed companies. (corroborated by 2 sources)
- The exchange operates fully electronically with no trading floor and is temporarily based in Uptown Dallas. (single source)
- TXSE will not list cryptocurrency or digital assets on its platform. (single source)
- TXSE plans to move its permanent headquarters to the Bank of America Tower in Dallas. (single source)

## Timeline

### 2026-08-03: Texas Stock Exchange launches in Dallas, challenging NYSE and Nasdaq

The Texas Stock Exchange opened in Dallas, backed by BlackRock, Goldman Sachs and Charles Schwab, to rival NYSE and Nasdaq, with listings slated for later this year and IPOs from 2027.

2 sources. https://clstr.news/cluster/texas-stock-exchange-launches-in-dallas-challenging-nyse-and-nasdaq-1

### 2026-07-31: Texas Stock Exchange launches in Dallas, challenging NYSE and Nasdaq

The Texas Stock Exchange launched full trading of all U.S. tickers in Dallas, backed by $250 M from major investors, aiming to compete with NYSE/Nasdaq and attract IPOs with lower costs.

5 sources. https://clstr.news/cluster/texas-stock-exchange-launches-full-trading-across-all-us-tickers

### 2026-07-14: Texas Stock Exchange launches trading in Dallas

The Texas Stock Exchange began limited trading in Dallas with five securities, backed by $275 M from major firms and SEC approval, aiming to challenge NYSE and Nasdaq.

2 sources. https://clstr.news/cluster/texas-stock-exchange-launches-trading-in-dallas

---
Cite as: Texas Stock Exchange launch. CLSTR, https://clstr.news/situations/texas-stock-exchange-launch