Texas Stock Exchange Starts Trading Operations

The Texas Stock Exchange (TXSE) officially launched on Monday, beginning trading operations from its headquarters in Dallas. The exchange operates from Weir’s Plaza on Knox Street, but has signed a lease at the Bank of America Tower at Parkside, under construction in Uptown.

The launch marks the beginning of a phased rollout that supporters believe could fundamentally reshape the American financial landscape over the coming years.

Backed by billions of dollars in capital and supported by prominent financial firms, the TXSE aims to capitalize on Texas’s growing role as America’s economic engine, in doing so taking on the New York Stock Exchange and NASDAQ.

Initially, the exchange is facilitating trading in exchange-traded products and other publicly traded securities that are already listed elsewhere. Officials have indicated that thousands of publicly traded securities will become available through the platform as the rollout continues.

The next major milestone is expected later this year, when the exchange plans to begin listing corporate securities directly.