In late 2025, a new competitor is entering the big city financial scene.
A recent Dallas-based company, TXSE, also known as the Texas Stock Exchange, has made plans to open a new Stock Exchange within Dallas by late 2025 and start listings in early 2026. Many experts in the financial and economic field are speculating that the new stock exchange should be able to compete with NASDAQ, the National Association of Securities Dealers Automated Quotations, and the New York Stock Exchange.
“I think it’s a game changer. We’ve seen so many financial firms move down to Dallas in the last 15 years,” SMU Professor of Practice Finance Don Shelly said. “I think right now we have a kind of duopoly with NASDAQ and the New York Stock Exchange, so I think competition is a good thing.”
The TXSE has just recently raised over $135 million in funds for the exchange from over two dozen groups of investors and other Wall Street giants, such as BlackRock and Citadel Securities. It has been reported that it will be a more business-friendly stock exchange that will have fewer restrictions compared to NASDAQ and Wall Street.
“The SEC is the main federal regulator, so they’re still going to have to deal with that, and that’s going to be the same regardless of whatever stock market exchange you use,” economics teacher, Jerry Howland said. “I don’t foresee why the SEC would particularly want to come down on it unless they really do feel like the pinch of less regulations is going to lead to fraud or any kind of scrutiny.”
The Texas Stock Exchange company has recently sent in a request to the SEC to be officially recognized as an official stock exchange. They are expecting results back in the coming months.
“I think it’s just a very exciting development for Dallas, and for the state of Texas,” Krilogy Financial Managing Partner Joe Martinez said. “I think it will bring more finance jobs to Texas, and the exciting thing about that is that some of the jobs in finance, you don’t necessarily have to have a college degree in finance to do those jobs, so it could open up a lot of exciting job opportunities as well.”
The Texas Stock Exchange will operate electronically inside of Dallas, allowing companies from all over the world to sell and share stock. With this, there are many major and world wide companies based in Texas that will benefit from the Texas Stock Exchange.
“Well, I mean, the fact that you’ll have more businesses or a new business in Dallas obviously is going to have a rippling effect on the economy because those new jobs, they’re going to spend money in Dallas, in the housing market, sending their families, sending their kids to schools,” Howland said. “So there will be an impact of just those new employees there.”
The opening of this stock exchange so close to home also means new opportunities for students interested in finance. Now, with a trading hub nearby, students at Dallas high schools will be able to witness the economic sphere for themselves.
“Students will be able to see how a stock exchange is run,” Howland said. “So, that could offer a good first-hand opportunity for students as a whole… I also imagine that we’ll see more financial internship opportunities. I wouldn’t be surprised if they were to offer internships in the near future there.”
In the past decade, the Dallas economy has grown so much that it’s noticed on the world scale of economics and finance. With that, the coming Texas Stock Exchange has been speculated to boost Dallas’s economy and financial status even more.
“There are just so many great jobs,” Shelly said. “So if you want to be in finance, whether it’s asset management, or hedge funds, or private equity, or brokerage, or family offices, or whatever else, there’s just a plethora of opportunities here.”
