The Texas Stock Exchange (TXSE) has filed with the Securities and Exchange Commission (SEC) to launch, setting a target for first trades in early 2026. The exchange, founded by Jim Lee, aims to revitalize competition in the U.S. capital markets. TXSE has secured $161 million in initial funding from prominent financial institutions like BlackRock, Charles Schwab, and Citadel Securities.
Texas Stock Exchange CEO Jim Lee speaks with Perot Jain partner Aaron Pierce during the 2024 Venture Dallas annual conference at the George W. Bush Presidential Center, Wednesday, Oct. 30, 2024, in University Park.Advertisement“Today marks another milestone in our journey to make the Texas Stock Exchange a reality,” said founder and CEO James Lee in a statement.
“Our team of market veterans and experienced technologists is committed to our long-term vision of revitalizing competition for listings and enhancing trading in the U.S. capital markets.”The filing puts TXSE on track for planned first trades in early 2026. Previous announcements have pegged December 2025 for first trades on the exchange, but many factors may have influenced the timetable.
behind this goal, with the organization securing $161 million in initial funding from entities like BlackRock, Charles Schwab, Citadel Securities and more.According to the TXSE, it is the most well-capitalized exchange to ever file a Form 1, and it is considering still additional financing to accelerate its plans.
“The composition of our founding ownership was intentional and deliberate,” Lee said. “The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond.”Sasha is a business reporter for The Dallas Morning News. She has previously worked for the news department at Car and Driver magazine and served as the sports managing editor of The Duke Chronicle.
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