Texas Stock Exchange to launch next year

Dallas, Texas, could become a new American financial capital, that’s if a new exchange backed by leading institutional investors BlackRock and Citadel Securities proves successful.

Reports claim that the proposed Texas Stock Exchange is set to launch in 2025, and could see its first listings in 2026, following a recent $120 million funding from a group of investors.

The exchange is expected to initially target companies based in Texas, Oklahoma, and southeastern states.

It is proposed to be an electronic exchange, and, according to reports, its scheduled to file for SEC approval later this year.

This would mark an increase in competition amid shifting landscapes in capital markets.

Presently, the traditional home of US equities would be the New York Stock Exchange and Nasdaq whilst ‘premarket’ and ‘afterhours’ trading is increasingly prominent to accommodate investors across continental and international timezones.

A further extension to trading hours was recently mooted.

Market access, liquidity, and the regulatory environment will all be factors that will be keenly watched should the Texas Stock Exchange project advance.