The U.S. Securities and Exchange Commission has officially approved the Texas Stock Exchange’s (TSXE) Form 1 registration to operate as a national securities exchange.
A press release from the TXSE Group indicated the milestone decision marks the first time the SEC has granted approval for a fully integrated national securities exchange “in decades.”
“TXSE has already completed its proprietary order matching engine and exchange platform, incorporating the latest hardware and software to deliver low-latency performance, flexibility, and scalability in an evolving trading and regulatory environment,” read the press release.
In August, The Dallas Express reported that the TXSE Group announced a prominent marketing campaign ahead of the Texas Stock Exchange’s planned launch in 2026. TXSE Group Inc. Founder and CEO James Lee says he believes the new Dallas-based exchange will lead to even more companies relocating to Texas. Already, Dallas-Fort Worth has seen the value of its public companies double in just the last five years.
“Today’s approval marks a pivotal moment in our effort to build a world-class exchange rooted in alignment, transparency, and partnership with issuers and investors,” said Lee in the press release.
“Real competition for corporate listings in the United States has finally arrived.”
The TXSE Group ultimately aims to “reverse” the trend of declining publicly listed American companies by easing the hurdles of listing.
“TXSE has already led the push for key legislative and legal reforms to strengthen Texas’ pro-business environment and establish the state as the premier jurisdiction for corporate headquarters, listings, and exchange operators. TXSE will continue working alongside Texas leadership to advocate on behalf of issuers and investors to reform policy at the state, federal, and regulatory levels,” read the announcement.
The Lone Star State continues to bolster its reputation as a financial hub. According to SEC data, Texas was home to 14 of the companies in the United States that went public in 2024, or nearly 10% of all initial public offerings (IPOs) last year.