The new Texas Stock Exchange’s impending debut aligns with shifting dynamics in the equity markets that are paving the way for increased competition and alignment. As corporate issuers and sponsors of ETPs call for enhanced stability and predictability in listing standards and costs, TXSE aims to broaden access to U.S. capital markets for all investors and improve market accessibility for public companies and entities seeking public capital.

“With approximately $120 million of capital raised, TXSE is expected to be the most well-capitalized exchange entrant to file a registration with the U.S. Securities and Exchange Commission,” the announcement adds, noting that the exchange plans to submit a registration with the SEC as a national securities exchange later this year. “TXSE will be a fully electronic, national securities exchange that will seek registration with the U.S. Securities and Exchange Commission,” the company clarified.