The Texas Stock Exchange (TXSE), the only national securities exchange built, headquartered, and incorporated in Texas, began phased trading operations on July 6, 2026, in Dallas. The exchange went live for members first with test trading, before opening to the public on July 10 with a small group of securities. The launch marks a significant milestone in Dallas’s emergence as a national financial hub.

TXSE is backed by major financial institutions including Bank of America, BlackRock, Charles Schwab, Citadel, Fortress, Goldman Sachs, and J.P. Morgan. The U.S. Securities and Exchange Commission formally approved the exchange in late September 2025, clearing the way for this month’s launch.

The initial securities available for trading include Pembina Pipeline Corporation (PBA), PDF Solutions Inc. (PDFS), Invesco S&P 500 High Dividend Low Volatility ETF (SPHD), Scholar Rock Holding Corp. (SRRK), and Veracyte Inc. (VCYT). A small group of stocks and ETFs is live now, with hundreds more set to join before the full rollout ends July 31. No company is listed on the exchange yet, but the phased approach allows the platform to build trading volume gradually.

The exchange operates on Central Time with premarket from 7 to 8:30 a.m., regular trading from 8:30 a.m. to 3 p.m., and postmarket from 3 to 4 p.m. The extended premarket window — beginning an hour earlier than NYSE and Nasdaq — gives TXSE a structural advantage for capturing early trading activity from Central and Western time zone investors.

The launch reinforces what Dallas leaders call “Y’all Street,” a financial corridor encompassing Downtown, Victory Park, and Uptown. According to Texas Capital Bank, which coined the term, the corridor is being built to solidify Dallas’s position as a financial powerhouse. The Guardian reported in April that Texas now has 386,000 financial sector workers, with Charles Schwab relocating its headquarters to the Dallas-Fort Worth Metroplex, and J.P. Morgan and Goldman Sachs maintaining corporate hubs in the area.

The TXSE listing comes amid a broader wave of financial sector investment in Texas. The exchange represents a direct challenge to New York’s dominance in securities trading, leveraging Texas’s business-friendly regulatory environment, central time zone, and growing concentration of corporate headquarters. The state’s economic development officials have positioned the exchange as a natural extension of Texas’s emergence as a center for energy, technology, and manufacturing investment.

As the exchange adds securities and eventually company listings over the coming weeks, market participants will be watching trading volumes and liquidity closely. The success of TXSE could reshape the competitive landscape for U.S. securities trading, giving companies an alternative listing venue in a state that has become a magnet for corporate relocations and capital investment.

Sources: USA Today, Dallas Express