Overview
- The exchange completed a phased rollout and began trading all National Market System tickers on July 31, 2026.
- TXSE is headquartered in Dallas and operates as a fully electronic exchange with no trading floor.
- Backed by roughly $250 million from major institutions including BlackRock, Citadel Securities, J.P. Morgan and Charles Schwab, TXSE has runway to build market share.
- The exchange plans to open for exchange‑traded product listings in September 2026 and accept corporate primary listings in October 2026.
- Because exchanges rely on matching buyers and sellers, TXSE will likely see wider bid‑ask spreads and thinner liquidity at first even as it pressures incumbents and retains an option to pursue crypto‑related products later.