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Texas Stock Exchange Gets Federal Approval as State Tries to Compete with New York Heavyweights

The Texas Stock Exchange will launch as a fully digital national exchange backed by $161 million, aiming to reduce fees and regulatory burdens for companies, officials said.

  • The hype around the Texas Stock Exchange , one of the most well-funded attempts at a new national exchange in decades, has been building since its announcement in June 2024.
  • The Dallas-based startup TXSE, with $120 million in backing from investment firms like BlackRock and Citadel Securities, received approval from the U.S. Securities and Exchange Commission to operate as a national exchange.
  • Texas lawmakers, including Gov. Greg Abbott, celebrated TXSE's approval, with Abbott declaring 'Texas is swiftly becoming America's financial hub.
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Associated Press NewsAssociated Press News
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Texas Stock Exchange closer to opening with approval from the US Securities and Exchange Commission

The Texas Stock Exchange has crossed its latest hurdle toward becoming a direct competitor to the dominance of the New York Stock Exchange and the Nasdaq.

·United States
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  • 57% of the sources lean Left
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The New York Sun broke the news in New York, United States on Monday, October 6, 2025.
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