I'm not sure if this has been discussed already on this forum. STAFF, please delete thread if redundant.

Curious about thoughts on the following two stock exchanges which hope to be up and running in 2026:

1. New York Stock Exchange Texas (NYSE Texas) which is moving from Chicago to Dallas Old Parkland Hospital Digs from Chicago and closing up their NYSE Chicago office when they are fully operational in Big-D.
https://www.nyse.com/markets/nyse-texas

Quote:

---

The launch of NYSE Texas provides public companies with a listing and trading venue centered within the vibrant economy of the southwestern U.S.

NYSE Texas delivers a listing exchange to companies both in Texas and around the world that are attracted to Texas' growing population, strong economy and business-friendly regulatory agenda.

"As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere," said Lynn Martin, President, NYSE Group. "We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward."

---

2. Proposed (and yet to be approved by the SEC) Texas Stock Exchange (TXSE) which will be housed at the Market Center in Big D about seven minutes from the Old Parkland Hospital
https://www.txse.com

Quote:

---

A national securities exchange is coming to Texas.
The Texas Stock Exchange aims to revitalize competition for issuers, establish the premier venue for listings, and create a world-class trading platform for all market participants.

---

I don't fully understand how this is different than the NYSE. I also was not aware of a NYSE branch in Chicago.

If we are getting that, then how is that different from the proposed Texas Exchange?

Texas exchange would be independent of NYSE. Could have different listing requirements and fees. It's simply another opportunity to have a place to trade. It's potentially lower cost for listing and trading than the NYSE, so it may be desirable for companies that deal in large trade volumes.

ABATTBQ11 said:

---

Texas exchange would be independent of NYSE. Could have different listing requirements and fees. It's simply another opportunity to have a place to trade. It's potentially lower cost for listing and trading than the NYSE, so it may be desirable for companies that deal in large trade volumes.

---

TSE may become the de facto exchange in the US if NYC continues on the path they are on.

Probably just another venue for high frequency traders to shovel pennies by the trillion