The Texas Stock Exchange (TXSE) began production, quoting, and trading operations on Monday, kicking off a phased rollout as a new national securities exchange based in Dallas.
The launch marks a significant milestone for the Dallas-headquartered startup, which aims to challenge the longstanding dominance of the New York Stock Exchange and NASDAQ. TXSE started with limited test symbols for approved members, with broader symbol availability planned throughout July.
The exchange will operate under the market center identifier “F.”
Trading hours include a pre-market session from 8:00 a.m. to 9:30 a.m., regular market hours from 9:30 a.m. to 4:00 p.m., and a post-market session from 4:00 p.m. to 5:00 p.m.
TXSE officials described the start of trading as a key step in proving the exchange’s viability. “With the start of full production trading, any last notions that TXSE is theoretical are instantly swept away,” a TXSE official stated.
The Dallas-based exchange plans to introduce Exchange-Traded Products (ETPs) listings in the third quarter of 2026 and corporate listings in the fourth quarter. All National Market System symbols are expected to become available by the end of July.
Gov. Greg Abbott previously highlighted the exchange’s potential, stating, “The center of gravity for American capitalism is now headquartered in the boom belt. The Texas Stock Exchange is the natural extension of that capitalism.”
TXSE has secured approximately $275 million in funding from major firms including BlackRock and Citadel Securities, reported The Texas Tribune. The exchange maintains a physical presence in Dallas, with a lease at the Bank of America Tower in Uptown.
Economic observers have pointed to Texas’ expanding financial sector, often called “Y’all Street,” as a strong foundation. The state now has more financial services jobs than New York or California.
Sriram Villupuram, an associate professor of finance at the University of Texas at Arlington, called the launch an important technical test. “Basic technical things, hopefully will work well. This is the first demonstration,” he said, per The Texas Tribune.
Gabriela von zur Muehlen, senior vice president and chief policy officer at the Texas Association of Business, added, “A homegrown national exchange means more jobs, more investment, and more growth opportunities for businesses and communities across the Lone Star State.”
The launch follows extensive preparation, including federal approvals and industry testing. TXSE is entirely electronic but headquartered in Dallas. Corporate listings are anticipated later in 2026.
Market participants were advised to complete connectivity and testing ahead of the launch. Additional rollout details are available on the TXSE website.
The development aligns with Dallas’ continued growth as a financial center, attracting major institutions and elevating the region’s profile in national markets.
Provided by Dallas Express
