Move over, New York and Nasdaq — there’s a new stock exchange in Texas.
On Monday, the Texas Stock Exchange (TXSE) in Dallas went live — but only for members — as it began test trading of designated securities with live trading set to start on Friday, July 10
When it goes live to the public, the stock exchange will only trade a few securities, with more added over the next few weeks. No company is listed on the exchange yet. Here’s what to know about TXSE, the emerging Y’all Street financial corridor and which securities will trade first.
What is the Texas Stock Exchange? The Texas Stock Exchange is the only national securities exchange built, headquartered and incorporated in Texas, based out of Dallas. According to its website, TXSE is backed by Bank of America, BlackRock, Charles Schwab, Citadel, Fortress, Goldman Sachs and J.P.