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The Texas Stock Exchange could become a reality in 2025

The Texas Stock Exchange could become a reality in 2025

Texas Stock Exchange announced by state leaders

As the Texas economy continues to grow, state leaders announced the creation of the Texas Stock Exchange.

TEXAS – As the Texas economy continues to grow, state leaders announced the creation of the Texas Stock Exchange.

“Today’s announcement is the next logical step in business development in Texas,” said Governor Greg Abbott.

According to Abbott, the Texas Stock Exchange (TXSE) is on track to become a reality and begin operations in 2025.

“Subject to approval, we will conduct our first trades late next year and launch listings in early 2026,” said TXSE founder and CEO Jim Lee.

TXSE will operate electronically from Dallas as a national stock exchange where companies from around the world can trade and list their stocks.

“This expands Texas’ financial power in the United States and solidifies our economic power on the global stage,” Abbott said.

TXSE has already raised more than $135 million, and Lee says that’s a given given the size of the Texas economy.

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“With a GDP of $10.6 trillion, Texas is now the eighth largest economy in the world,” Lee said.

Texas currently leads the nation in economic development projects and is already home to energy companies like Chevron, technology companies like Dell and AT&T, and innovators like Tesla and SpaceX. Abbott believes growth will continue with the addition of TXSE.

“This will lead to more companies coming to the state of Texas. And that means there are many more good, good-paying jobs coming to our state,” Abbott said.

The Texas Stock Exchange is even aiming to become a serious competitor to Wall Street, with TXSE executives suggesting it will be more business-friendly than its New York counterpart.

“We make it as easy as possible to do business in the state of Texas. The same goes for the Texas Stock Exchange,” Abbott said.

The Texas Stock Exchange still needs to seek federal approval from the Securities and Exchange Commission, which we’ve learned will likely happen in the coming months.