Texas Stock Exchange registration fuels region's financial growth
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‘Y’all Street’: 6 factors reshaping finance in North Texas
By Andrea Terán
Dallas-Fort Worth is rapidly solidifying its position as a major player in the financial world, with the Texas Stock Exchange (TXSE), dubbed “Y’all Street,” continuing to gain momentum. The region’s economic strength, investor-friendly environment, and booming real estate sector are drawing major financial institutions, asset managers, and investors looking for alternatives to Wall Street. Here’s a look at what’s driving North Texas’ rise as a financial powerhouse.
The Texas Stock Exchange: A challenger to Wall Street
The TXSE, which officially filed its Form 1 registration with the U.S. Securities and Exchange Commission (SEC) on Jan. 31, 2025, aims to lower the cost of going and staying public while increasing competition in U.S. capital markets. With $161 million in initial funding from financial heavyweights like BlackRock, Charles Schwab, and Citadel Securities, it is one of the most well-capitalized exchanges ever to seek SEC approval. If successful, TXSE plans to launch trading in early 2026, with listings expected by the end of the same year.
A business-friendly regulatory environment
TXSE is positioning itself as a “CEO-friendly” exchange, offering reduced listing costs and fewer regulatory burdens compared to Nasdaq and NYSE. The exchange will not enforce environmental, social, and governance (ESG) investment thresholds, making it attractive to companies seeking fewer compliance costs. Texas’ broader business-friendly policies, including low taxes and regulatory flexibility, are also drawing corporate relocations and investments.
A magnet for institutional investors and asset managers
Global financial firms are increasingly expanding their presence in North Texas. Boston-based Partners Capital, which manages $65 billion in assets, recently opened a Dallas office to capitalize on the city’s booming wealth management sector. As the region’s population of high-net-worth individuals grows, more investment firms are expected to follow, making Dallas a key hub for institutional finance.
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Rapid growth in financial services jobs
Texas now employs more people in financial services than New York, according to Gov. Greg Abbott, and Dallas-Fort Worth’s finance job growth is outpacing the national average. The metro area added 15,200 financial activities jobs over the year ending in November 2024, a 4.1% increase — well above the national average of 0.6%, according to the U.S. Bureau of Labor Statistics. The TXSE’s presence is expected to bring further high-paying finance jobs to the region, attracting top talent from Wall Street and beyond.
Strong local market performance
DFW-based companies have been among the strongest performers on the stock market. Irving-based Vistra Corp. led the S&P 500 in growth, surging 262% in 2024 — an industry rarity for a utility stock. Other North Texas companies, including Brinker International and United States Lime & Minerals, saw triple-digit gains, while CBRE Group posted strong double-digit stock growth, reinforcing investor confidence in the region’s corporate landscape.
A growing financial headquarters and corporate hub
The TXSE is planning a Texas Market Center in Dallas, which will serve as the exchange’s headquarters and feature a conference center, an iconic bell-ringing venue, and a Texas Business Museum. This move further cements Dallas as a financial epicenter, attracting industry events and global business leaders. Texas continues to draw corporate headquarters away from high-cost states, with companies like Tesla relocating to the state.?
The bottom line
With the Texas Stock Exchange leading the charge, DFW is well on its way to becoming a dominant force in finance. The combination of institutional investments, a thriving commercial real estate sector, surging job growth, and a strong regulatory environment is fueling a financial revolution in North Texas. As trading is expected to begin in 2026, all eyes are on “Y’all Street” as the next major player in U.S. and global markets.
“Texas is a business-friendly state and it’s booming, especially Dallas. Wall Street firms are taking notice and increasing their presence in Texas. Goldman Sachs has broken ground on a new building and will be moving thousands of employees into Dallas. This will be their second largest office in the U.S., behind their headquarters in New York.” said Frank Sloan, regional director of EP Wealth Advisors PC to Invest:.
Top image via IcedCowboyCoffee/Wikimedia
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