https://www.cbsnews.com/texas/news/sec-approves-texas-stock-exchange-txse/ * Latest + U.S. + Government Shutdown + James Comey + World + Politics + Entertainment + HealthWatch + MoneyWatch + Crime + Space + Sports + Brand Studio * Local News + Atlanta + Baltimore + Bay Area + Boston + Chicago + Colorado + Detroit + Los Angeles + Miami + Minnesota + New York + Philadelphia + Pittsburgh + Sacramento + Texas * Live + CBS News 24/7 + Baltimore + Bay Area + Boston + Chicago + Colorado + Detroit + Los Angeles + Miami + Minnesota + New York + Philadelphia + Pittsburgh + Sacramento + Texas + 48 Hours + 60 Minutes * Shows + 48 Hours + 60 Minutes + CBS Evening News + CBS Mornings + CBS Morning News + CBS Reports + CBS Saturday Morning + The Daily Report + The Dish + Face the Nation + Sunday Morning + The Takeout + The Uplift * + CBS News Investigates + CBS News Confirmed + CBS Village + Podcasts + Newsletters + Download Our App + CBS News Team + Executive Team + Brand Studio + Paramount+ + Join Our Talent Community + RSS Feeds + Davos Interviews + A Moment With... + Innovators & Disruptors + Economy 4.0 * * Texas * | * News * Weather * Sports * Video * Texas Monthly * * Local * Business * Eye on Politics * Politics * Consumer * Education * Tech * The I-Team * HealthWatch * Entertainment * Texas Weather * Live Radar * Closings/Cancellations * Gardening 101 * Weather on Wheels * Mobile 11 * Climate Connection * Where's Brittany? * All Sports * CBS Sports HQ * Cowboys * Rangers * Mavericks * Stars * FC Dallas * Wings * NASCAR * Golf * Tennis * College Sports * High School Sports * Station Info * CBS 11 / TXA 21 * Advertise * CBS Television Jobs * Upload Your Photos * Galleries * Download the App Watch CBS News Local News SEC approves Texas Stock Exchange, first new U.S. fully integrated exchange in decades texas By S.E. Jenkins S.E. Jenkins Digital Content Producer, CBS Texas S.E. Jenkins is a digital content producer for CBS Texas. She has also been a Digital Content Producer in Tallahassee and Myrtle Beach. S.E. graduated with journalism degrees from Texas State University, Aarhus Universitet and City, University of London. Read Full Bio S.E. Jenkins September 30, 2025 / 6:58 PM CDT / CBS Texas * * * Texas Stock Exchange gets SEC approval, aims to rival NYSE and Nasdaq from Dallas [76bee79db3] Texas Stock Exchange gets SEC approval, aims to rival NYSE and Nasdaq from Dallas 00:18 The Securities and Exchange Commission approved Tuesday the Texas Stock Exchange (TXSE) as a national securities exchange, paving the way for the first new, fully integrated U.S. stock exchange in decades -- and the only one based in Texas. "Today's approval marks a pivotal moment in our effort to build a world-class exchange rooted in alignment, transparency, and partnership with issuers and investors," said James H Lee, founder and CEO of TXSE and its parent company, TXSE Group Inc. TXSE is on track to launch trading services, as well as exchange-traded products, known as ETPs, and corporate listings, in 2026. What are ETPs? Exchange-traded products are financial instruments that follow the performance of underlying assets such as stocks, indexes or other financial benchmarks. Like stocks, ETPs are traded on public exchanges, allowing investors to buy and sell them throughout the trading day at market prices that fluctuate in real time. Texas Gov. Greg Abbott congratulated TXSE for receiving SEC approval to operate as a national securities exchange. "Texas is swiftly becoming America's financial hub," Abbott said Tuesday in a statement. "I congratulate the Texas Stock Exchange for the launch of Texas' own trading platform that will spur economic development and expand the financial might of our great state around the world. Working together, we will make Texas stronger and more prosperous than ever before." TXSE was backed by wealth management giant BlackRock and market maker Citadel Securities, among other firms. The Texas company said in June 2024 that it raised a total of $120 million from more than two dozen investors. TXSE's headquarters in Dallas opened this spring, the group said. Previous regional exchanges Previous regional exchanges such as the Philadelphia Stock Exchange, Boston Stock Exchange and Chicago Stock Exchange merged with either the Nasdaq or the New York Stock Exchange after the introduction of laws by the SEC favoring automated trading platforms. The economy of Texas Texas is home to the most Fortune 500 companies in the country and over 5,000 private equity-sponsored companies. There are also more than 1,500 publicly traded companies in the region. At $2.4 trillion, Texas' economy is larger than many countries', including Russia, Canada and Italy, according to a report from the governor's office. More from CBS News Community comes together in Dallas for safety and National Night Out Community comes together in Dallas for safety and National Night Out ATF targets rise of "swift links," illegal gun conversion devices in North Texas ATF targets rise of "swift links," illegal gun conversion devices in North Texas Texas National Guard arrives in Illinois, could begin assignments Wednesday Texas National Guard arrives in Illinois, could begin assignments Wednesday Baltimore County Council approves major tax break for affordable housing development Baltimore County Council approves major tax break for affordable housing development Live: Philadelphia to announce partnership to fight illegal dumping Live: Philadelphia to announce partnership to fight illegal dumping * Economy * Stock Market * Texas * Dallas S.E. Jenkins S.E. Jenkins is a digital content producer for CBS Texas. She has also been a Digital Content Producer in Tallahassee and Myrtle Beach. S.E. graduated with journalism degrees from Texas State University, Aarhus Universitet and City, University of London. (c) 2025 CBS Broadcasting Inc. All Rights Reserved. Featured Local Savings More from CBS News Community comes together in Dallas for safety and National Night Out Community comes together in Dallas for safety and National Night Out ATF targets rise of "swift links," illegal gun conversion devices in North Texas ATF targets rise of "swift links," illegal gun conversion devices in North Texas Texas National Guard arrives in Illinois, could begin assignments Wednesday Texas National Guard arrives in Illinois, could begin assignments Wednesday Baltimore County Council approves major tax break for affordable housing development Baltimore County Council approves major tax break for affordable housing development Featured James Comey Government Shutdown 2025 NFL Week 5 Predictions CFB Week 6 What to Watch Follow Us On YouTube Facebook Instagram TikTok X CBS News Texas Meet the Team Program Guide Advertise With Us Contact Us Sitemap Regulation Public File for KTVT-TV Public File for KTXA-TV Public Inspection File Help FCC Applications EEO Report Privacy Privacy Policy California Notice Your Privacy Choices Terms of Use Company About Paramount Advertise With Paramount Join Our Talent Community Help Feedback (c)2025 CBS Broadcasting Inc. 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