Dallas looks to get national stock exchange in 2026
What specific regions and states will the Texas Stock Exchange focus on for attracting companies?
The Texas Stock Exchange will primarily focus on attracting companies from Texas, Oklahoma, and the southeast quadrant of the U.S. This includes states such as Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Tennessee, and North and South Carolina. The exchange aims to be the number three listing venue in the U.S. and believes that focusing on these regions will help them achieve this goal.
What is the projected timeline for the Texas Stock Exchange to begin trading and listing companies?
The Texas Stock Exchange is projected to begin trading in late 2025 and host its first listing in early 2026. The exchange aims to be fully operational by this time, employing 100 workers in the Dallas area.
Why was Dallas chosen as the location for the Texas Stock Exchange despite James Lee being based in Houston?
Dallas was chosen as the location for the Texas Stock Exchange due to its rapidly growing population, which includes a mix of ultra-wealthy and middle-class citizens. The city is also attracting an increasing number of companies that are relocating their headquarters to the area. James Lee, the CEO of the Texas Stock Exchange, believes that the fully electronic exchange will drive more headquarters relocations and capital to the region, similar to how the D-FW International Airport contributed to the region's prosperity. Additionally, Dallas is already home to approximately 150 data centers, making it an ideal location for the exchange's headquarters and a Dallas data center.