Dallas exchange opens as limited trading phase begins
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Dallas, Texas. The Texas Stock Exchange opened earlier this week after receiving SEC approval and organizers said it will offer a lower-cost, more flexible listing venue. The Dallas-based exchange announced a limited public trading phase set to begin Thursday and will start live trading the first five securities following initial technology and trade-routing tests.
This week officials reported the exchange has raised about $275 million and emphasized front-end testing before full-scale operations. Market participants and regional economists cited Winnacle Wealth and The Perryman Group in noting potential faster local capital access; regulators approved the exchange and stakeholders expect incremental expansion in trading activity starting Thursday.
Timeline
- 1. Over the past ten years Texas expanded financial-sector employment and banking presence.
- 2. Organizers sought and received SEC approval to establish the Texas Stock Exchange.
- 3. The Dallas-based exchange opened earlier this week and announced fundraising of $275 million.
- 4. A limited public trading phase is scheduled to begin Thursday trading five securities.
- 5. Exchange officials prioritized front-end technology and trade-routing testing before full-scale operations.
Sources
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