HomeTexasEconomyTexas Is Getting Its Own Stock Exchange

Texas Is Getting Its Own Stock Exchange

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In a groundbreaking move, TXSE Group Inc. announced today the planned launch of the Texas Stock Exchange (TXSE), a new national securities exchange headquartered in Dallas. This initiative marks a significant milestone in Texas’s journey toward economic autonomy, providing a dedicated venue for public companies, exchange-traded products (ETPs), and American Depositary Receipts (ADRs) to access capital markets.

TXSE Group Inc. completed its initial capital raise, amassing approximately $120 million. This substantial capital injection came from over two dozen investors, including global financial giants BlackRock and Citadel Securities. These liquidity providers represent a significant portion of the equity volume on U.S. lit exchanges and comprise most of all U.S. listed retail volume, ensuring TXSE is well-positioned to become a significant player in the financial markets.

Why Texas?

Texas, renowned for its robust economic growth and business-friendly environment, is the leader in economic expansion and population growth. Home to more Fortune 500 companies than any other state and a thriving ecosystem of over 5,200 private equity-sponsored companies, Texas is the ideal location for this new venture. TXSE’s establishment in Dallas will leverage the state’s economic strengths, further solidifying Texas as a financial powerhouse.

The launch of TXSE is not just about creating a new trading venue; it is about fostering greater market confidence and stability. As corporate issuers and ETP sponsors seek more predictable listing standards and associated costs, TXSE aims to provide a competitive, reliable, and transparent market environment. James Lee, founder and CEO of TXSE Group Inc., states, “TXSE will create more competition around quote activity, liquidity, and transparency, resulting in more consistent and reliable markets that benefit investors, global issuers, and liquidity providers alike.”

Pre-TEXIT Strategic Advantage

Launching the Texas Stock Exchange before the anticipated TEXIT provides a strategic advantage. It prepares the state for economic independence by establishing a vital financial infrastructure ahead of time. This proactive approach ensures that Texas is ready for independence and positioned to thrive economically from day one.

TXSE plans to submit its registration with the U.S. Securities and Exchange Commission (SEC) to operate as a national securities exchange later this year. This move will align TXSE with national regulatory standards, ensuring a smooth transition and maintaining market integrity during and after TEXIT.

The Texas Stock Exchange represents a bold and visionary step towards financial independence for Texas. TXSE is set to play a pivotal role in the state’s future by attracting significant investment, fostering economic growth, and enhancing regulatory readiness. As Texas continues to lead in business relocations and expansions, the establishment of TXSE underscores the state’s commitment to building a strong, independent economy.

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