A $120 million effort backed by affluent companies and investors is pushing for Texas to get its own national stock exchange by 2026.
A decades-long Dallas dream may soon be realized. Texas is looking to welcome its first national stock exchange.
“We aim to be the number three listing venue in the U.S.,” Lee said. “It is exciting; it’s transformational. Frankly, it could change the arc of Dallas for decades. It’s the density of this technology infrastructure, market participants and the network effectiveness that makes Dallas a major financial hub.”
Though it won’t have a physical trading floor, the exchange will be headquartered and have executive offices in Dallas along with utilizing a Dallas data center. The region is home to approximately 150 data centers which produce 650 megawatts of power, according toThe Texas Stock Exchange will still have a presence in downtown Dallas with a location which will serve as the physical front of the electronic exchange.
“It will be where you project, quote, visibility and trade reporting,” he said. “There are a number of co-branding opportunities around our listings, and we will host regional and global conferences right here at the heart of the Texas ecosystem.”“It’s not just across the state. There are 1,522 public companies across the southeast region of the U.S. That’s really our primary market for what we’re doing,” he said.
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