Texas Stock Exchange Applies to Become National Securities Exchange with SEC

The Texas Stock Exchange (TXSE) has officially submitted its registration Form 1 to the U.S. Securities and Exchange Commission (SEC) with hopes to transition into a national securities exchange in the future. The exchange is tentatively planning to commence trading activities in early 2026, with listings expected to follow shortly after. TXSE distinguishes itself as one of the few fully integrated exchanges that have pursued SEC approval within the last twenty years.

The primary objective of TXSE is to offer an alternative trading platform catering to corporate issuers and exchange-traded products (ETPs) while simultaneously providing auction services and a comprehensive range of data products. By doing so, TXSE aims to establish a closer relationship between issuers and investors and tackle the substantial costs associated with going public and maintaining public status. Additionally, the exchange is currently in the process of developing an order matching engine that leverages cutting-edge technology to streamline trading operations.

James Lee, the founder and CEO of TXSE Group Inc., expressed his enthusiasm for this development, marking it as a significant milestone in their pursuit to bring the Texas Stock Exchange to fruition. Lee emphasized their commitment to fostering competition for listings and improving trading activities within the U.S. capital markets. The exchange has successfully concluded its initial capital raise, amassing a total of $161 million, a feat that positions it as the most financially secure exchange ever to file a Form 1. Noteworthy investors, including BlackRock, Citadel Securities, Charles Schwab, and Susquehanna Private Equity Investments, have contributed to this successful funding round. TXSE is actively exploring additional financing opportunities to accelerate the realization of its strategic plans.

In summary, TXSE’s formal submission of its Form 1 registration to the SEC serves as a pivotal moment in the exchange’s history. The forthcoming transition into a national securities exchange presents an exciting opportunity for TXSE to provide a novel and competitive trading environment for participants in the U.S. financial markets. Through innovative technologies and a focus on reducing operational costs for public companies, TXSE is poised to make a meaningful impact within the industry. The exchange’s robust financial backing and strategic investor partnerships further underscore its potential for success in the evolving landscape of securities trading.