Texas Stock Exchange, Headquartered in Dallas, Begins Trading

The Texas Stock Exchange officially began trading this summer from its headquarters in Dallas, marking the first time in years a new national stock exchange has launched to compete directly with the New York Stock Exchange and Nasdaq. The exchange operates out of a 28,000-square-foot space at Old Parkland on Maple Avenue in Oak Lawn, which it opened as its headquarters earlier this year.

TXSE has already raised $161 million from more than two dozen investors, including BlackRock, Citadel Securities, and Charles Schwab. The exchange began with test trades on a small group of regular stocks and funds before expanding its offerings, and executives have said they expect to add exchange-traded products and corporate stock listings later this year, with the ability to host initial public offerings targeted for late 2026.

The launch caps a broader run of momentum for Dallas-Fort Worth's financial sector. The region has already surpassed Philadelphia, Chicago, and Los Angeles in financial services employment concentration, trailing only New York among major U.S. metros. Dallas-Fort Worth added roughly 54,000 jobs in the year ending this past July, and the region is now home to 24 Fortune 500 companies, up from 22 a year earlier, with 49 companies on the broader Fortune 1000 list.

The momentum extends beyond finance. Frontier Communications relocated its corporate headquarters to a new office in Uptown Dallas this year, a move expected to bring roughly 3,000 jobs and an estimated $3.8 billion in economic impact to the region over the next decade. North of the city in Sherman, Texas Instruments continues construction on four semiconductor wafer fabrication plants, part of a $40 billion investment that is among the largest manufacturing commitments in the country.

Local economic development officials say the stock exchange's presence is as much a symbolic win as a financial one — a sign that Dallas is increasingly positioning itself as a genuine counterweight to Wall Street rather than simply a lower-cost alternative. Whether TXSE can meaningfully pull trading volume and listings away from the established exchanges remains an open question, but its backers say even modest success would cement Dallas's status as a top-tier financial center.