Texas Stock Exchange files to operate nationally, eyes trading in early 2026

he Texas Stock Exchange (TXSE) is eyeing a 2026 launch after submitting paperwork to operate as a national securities exchange, its parent company said on Friday.

The company hopes the U.S. Securities & Exchange Commission will approve the application before the end of the year as it attempts to disrupt the New York-dominated industry.

The proposed exchange said it wants to reverse the shrinking number of publicly traded companies, tackling what it described as the high cost of going public and remaining on exchanges.

In conjunction with the filing, the exchange said it has received $161 million in capital from over four dozen investors. Their ranks include corporate giants such as BlackRock, Citadel Securities, Charles Schwab and as well as major U.S. market makers and trading firms such as Jump Trading.

Source: FINANCE.YAHOO