The Texas Stock Exchange (TXSE) is a planned stock exchange that will be headquartered in Downtown Dallas, Texas. The group behind the exchange, led by TXSE CEO James Lee, is financed primarily by BlackRock and Citadel Securities, with investments totalling approximately $135 million as of September 2024. The exchange is planned to launch its platform and facilitate trades in late 2025, and host its first listings in early 2026.[1][2][3][4] It is expected to accept double listing of companies already present on NYSE or Nasdaq and will have an exchange-traded fund (ETF) business.[5][6]
 | |
| Type | Stock exchange |
|---|---|
| Location | Dallas, Texas, United States |
| Founded | 2025 (planned) |
| Key people | James Lee (CEO) |
| Currency | US dollar (US$) |
| Website | txse |
In September 2024, former President of the Federal Reserve Bank of Dallas Richard W. Fisher and former Texas governor Rick Perry were named as a strategic advisor and a member of the board of directors, respectively.[4]
See also
editReferences
edit- ^ Driebusch, Corrie (4 June 2024). "New Texas Stock Exchange Takes Aim at New York's Dominance". The Wall Street Journal.
- ^ Gleeson, Cailey (5 June 2024). "A Billionaire-Backed Texas Stock Exchange Is In The Works—Here's What To Know". Forbes.
- ^ Osipovich, Alexander (7 June 2024). "A Texas Stock Exchange Wants to Take on New York. The Odds Aren't Good". The Wall Street Journal.
- ^ a b Arnold, Kyle (2024-09-30). "Texas Stock Exchange names its 'Y'all Street' leadership team as it looks toward launch". The Dallas Morning News. Retrieved 2024-09-30.
- ^ Jiménez, Miguel (2024-06-17). "Norte contra Sur: la nueva Bolsa de Texas desafía a Wall Street". El País (in Spanish). Retrieved 2024-06-17.
- ^ Fine, Julie; Hagan, Shelly; Doherty, Katherine (5 June 2024). "BlackRock, Citadel Back Texas Stock Exchange in Challenge to NYSE". Bloomberg.