Texas challenges Wall Street and launches its stock exchange

Texas Stock Exchange is ready to debut in 2026 and challenge the giants of Wall Street: the Nasdaq and the New York Stock Exchange (NYSE), the leaders of US stock markets and global. An alternative exchange, based indallas which will serve U.S. and international issuers, investors and market participants.

More than 50 years ago, Texas commissioned a study on the feasibility of one stock exchange based in the state. In the following decades, thestate economy continued to prosper and Texas is now home toleading global companiesin aerospace, agriculture, energy, finance, healthcare, manufacturing, technology and more. From banks to companiesprivate equity e agli hedge fundthe state boasts a growing number of financial institutions and businesses thanks to a diversified economy. The term “Y’all Street” has emerged spontaneously in recent years, capturing the unique convergence between Southern hospitality andfinancial innovation. It refers to the Dallas financial corridor that includes Downtown, Victory Park and Uptown. The area hosts the highest concentration offinancial services workersin the United States, outside of New York. And with over 380,000 finance professionals in the industry,dallasit not only keeps pace, but is cutting edge.

Investments and financial support

Il Txse Groupthe company that manages the new stock exchange, has collected in a short time atotal capital of 270 million dollars. Goldman Sachs Group e Bank of Americathey entered the capital by leading a group of investors who put around 20 million dollars on the table. Before them they had already bet on the projectJP Morgan, BlackRockCharles Schwab and Citadel Securities. After the approval of this latest investment round, Txse Group will have a total of 86 equity investors. And, according to the promoters, other big names in American finance are ready to come forward. Txse, we read on the platform’s website, “offers anew competitiona regional force and aborsa modernadesigned for today’s capital markets”.

“Questi strategic investmentsfrom global leaders place Txse Group in an even stronger capital position over the long term, enabling us to aggressively bring greaterinnovation and competition sui US capital markets“said the founderJames Lee.

SEC approval and trademark controversy

La Texas Stock Exchangereceived thedefinitive green light from the SECthe US stock exchange regulator, and is preparing to begintrading operationsin the first quarter2026. However, before he even left, he already had to solve onecontroversywith the Toronto Stock Exchange regarding its “Txse” brand. According to The Texas Lawbook, the controversy arose from the Texas Stock Exchange’s attempt to register “Txse” as a trademark, a move that drew objections from theToronto Stock Exchangewhich operates under the name “Tsx”. The Canadian stock exchange argued that the brand was too similar and could cause confusion among market participants. The case was resolved viamediationand the filing documents are expected to be submitted by January 12, 2026.

Initial objectives: dual listings

In a first phase, thenew price listseems oriented towards focusing ondual listingof large companies already rooted in Texas. Notable names likeExxon e Chevronfor energy, Caterpillar, AT&T, and Texas Instruction for industry and service. Finallybig tech come Tesla e Oracle.

The response of the giants: NYSE and Nasdaq Texas

But faced with the challenge irivalsthey didn’t stand by and watch. TheNYSElaunched theNYSE Texasthe first stock exchange to operate in Texas, with Trump Media & Technology Group among the first companies to list. A completely electronic stock exchange, dedicated to companies already present on the NYSE that want to strengthen their presence in the state. Also theNasdaqbased in New York, plans to launch its financial exchange in Texas. The launch is scheduled for 2026 and also theNasdaq Texasit will be a platform adouble quotation.