Texas Stock Exchange Files for Registration as a National Securities Exchange

Texas Stock Exchange Moves Toward National Status

In a significant step toward establishing itself as a crucial player in the financial landscape, TXSE Group Inc has officially submitted its Form 1 registration to the U.S. Securities and Exchange Commission (SEC) for the Texas Stock Exchange LLC (TXSE). This move not only positions TXSE as a national securities exchange but also marks one of the rare filings by a fully integrated exchange in the last two decades.

Founded by experienced market veterans, TXSE aims to enhance trading dynamics in the U.S. capital markets while providing issuers and investors with greater alignment. The exchange is set to offer trading services, listings for corporate issuers and exchange-traded products (ETPs), as well as a variety of data products that will cater to the evolving demands of the market.

James H. Lee, the founder and CEO of TXSE Group Inc, stated, "Today marks another milestone in our journey to make the Texas Stock Exchange a reality." Lee emphasized the company's commitment to revitalize competition among listings and improve trading conditions across the market.

The TXSE initiative comes at a time when the financial ecosystem is increasingly burdened by the high costs associated with going public and maintaining a presence in the market. TXSE's approach is to significantly lower these costs, alleviating the financial strain on public companies. The exchange is actively developing an advanced order-matching engine which aims to deliver high performance, low latency, and speed, rivalling that of the world's leading markets.

Furthermore, TXSE Group Inc proudly announced that its initial capital raise has closed at an impressive $161 million, making it the most well-capitalized exchange to ever file a Form 1 registration. This financial backing underscores the dedication of its founding investors, spanning major sectors including market liquidity providers, business leaders, and both retail and institutional investors. Notable names among these investors include BlackRock, Citadel Securities, Charles Schwab, and others, thus solidifying TXSE's future potential and ambition.

Looking ahead, TXSE is in discussions for additional financing to fast-track its ambitious plans. Looking to the future, if the SEC approval is granted, TXSE has set its sights on starting trading operations in early 2026, with a goal of rolling out listings by the end of that year.

Ultimately, the filing represents a new chapter in the evolution of exchanges in the United States, geared not only toward enhancing competition but also fostering a more robust trading environment conducive to growth and innovation. As TXSE positions itself for the future, the industry eagerly anticipates the innovative services and advantages this new exchange will bring to the table for U.S. and global companies seeking to access the equity capital markets.