What happened: The Texas Stock Exchange (TXSE), the first major U.S. stock exchange to launch in decades, plans to begin trading in the second half of 2026.
Why it matters: The TXSE emerges as some U.S. companies have expressed concerns with the regulatory environment and fee structures of existing exchanges. TXSE, by contrast, aims to offer reduced compliance burdens, lower listing and transaction fees and a more flexible regulatory environment, among other benefits.
- With support from Texas’s expanding financial sector and favorable business climate, the exchange also promises to boost regional economic growth and challenge existing market norms.
TLR Thoughts: Texas is the preeminent state for business growth and innovation, and the impending launch of the TXSE further underscores the Lone Star State’s prominence when it comes to economic leadership. Notably, in the recent Texas Legislative Session, TLR and TXSE supported bipartisan legislation (SB 29) increasing the legal certainty and predictability corporations need when determining where to incorporate and grow.
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