DALLAS — The Texas Stock Exchange (TXSE), a Dallas-based startup, will commence trading on Monday, July 6, 2026. The exchange will initiate a phased rollout over the course of July 2026, beginning with test stocks for members before expanding to public trading and new listings.

On July 6, 2026, the exchange will open to TXSE members, including approved broker-dealers, banks, and trading firms, for trading test stocks. Symbols for thousands of stocks and other equities are scheduled to come online later in July 2026, enabling public trading. "With the start of full production trading, any last notions that TXSE is theoretical are instantly swept away," a TXSE official said.

Exchange officials hope to have Exchange-Traded Products listed on the exchange by the third quarter of 2026. Corporate listings are expected to be available during the fourth quarter of 2026. The TXSE has announced some Exchange-Traded Products but has not yet announced any corporate listings.

Sriram Villupuram, an associate professor of finance at the University of Texas at Arlington, commented on the launch. "Basic technical things, hopefully will work well," Villupuram said. He added, "I think they'll get through it fine, but things can go wrong."

The TXSE announced its intention to launch in June 2024, securing $120 million in backing from investment firms such as BlackRock and Citadel Securities. The exchange has since received an additional $275 million in investments from other financial institutions and has obtained federal approval. The TXSE will be entirely digital but will maintain a physical presence in Dallas, having signed a lease at the Bank of America Tower in the Uptown neighborhood.

Why It Matters

Texas leads both New York and California in the number of financial services sector jobs, with 939,600 positions. Over the past two decades, investment banking jobs in Texas have expanded by 111%, while New York saw a 16% growth in the same period. The state is home to the second-highest number of Fortune 500 companies headquartered in the U.S., trailing California and surpassing New York. Its economy ranks as the eighth largest globally if it were an independent country. Governor Greg Abbott stated, "The center of gravity for American capitalism is now headquartered in the boom belt," and called the TXSE "the natural extension of that capitalism."

Major financial institutions like JP Morgan Chase, Goldman Sachs, and Charles Schwab already have thousands of employees based in the Dallas region. The New York Stock Exchange and NASDAQ, both private exchanges based in New York City, have established branches called NYSE Texas and NASDAQ Texas, respectively.