Texas Stock Exchange seeks approval from SEC as ‘Y’all Street’ emerges

Texas Stock Exchange (TXSE) is moving one step closer to becoming a reality as it recently filed Form 1 with the U.S. Securities and Exchange Commission. This marks a significant milestone for the exchange as it sets its sights on gaining approval as a national stock exchange. As part of this process, TXSE announced its temporary headquarters in Dallas, showcasing its commitment to establishing a presence in the financial market.

“This is another important milestone in our journey to bring the Texas Stock Exchange to life,” stated founder and CEO James Lee. With a team of seasoned market professionals and experienced technologists, TXSE is dedicated to reshaping competition for listings and boosting trading within the U.S. capital markets.

The next phase for TXSE involves aiming for initial trades to begin in early 2026. While initial announcements had proposed December 2025 as the date for the first trades, various factors may impact this timeline. December typically experiences lower trading activity due to the holiday season. Moreover, SEC approval could take several months to secure, as seen with other exchanges like the 24X National Exchange, which announced approval months after filing.

Modern stock exchanges are intricate systems that demand considerable time and resources to establish. TXSE is planning to establish data centers in Dallas and beyond to support its operations effectively. In addition, the exchange is working on its order matching system to ensure high performance, low latency, and speed comparable to leading global markets. These investments in technology are crucial for TXSE to deliver a competitive trading environment for investors.

Looking ahead, TXSE aims to attract listings by the end of 2026 by setting higher listing standards while reducing the costs associated with going public. The exchange has garnered support from prominent financial institutions, securing $161 million in initial funding from entities like BlackRock, Charles Schwab, Citadel Securities, and others. This funding, considered the most significant for an exchange undergoing the Form 1 process, underscores the commitment of investors to the long-term success of TXSE.

“The composition of our founding ownership was intentional and deliberate,” Lee highlighted. The collective market power of these investors reflects a deep-rooted commitment to the exchange’s success in the coming years. TXSE is also exploring additional financing options to accelerate its growth plans and solidify its position in the market.

With these developments, TXSE is on track to transform the financial landscape in North Texas. By focusing on innovation, technology, and investor interests, the exchange is poised to bring a new era of trading opportunities to the region.