Texas Stock Exchange opens

Ready, set, trade.

The Texas Stock Exchange became fully operational Monday, as trading officially launched on its platform about nine months after the nascent Dallas-based exchange received approval from the U.S. Securities and Exchange Commission.

"A modern matching engine is one of the hardest things to build in financial technology. Few have the capital to fund it and fewer still the talent to develop it - TXSE has both thanks to the record $275 million we have raised, the most ever to launch a national exchange," the exchange said in an email. "In eighteen months, our world-class development team produced a fully integrated exchange - listings and trading in one - something no prior entrant has done."

The exchange will now begin a phased roll-out of national market system symbols until all symbols are available to trade on TXSE by the end of the month. After that, the bourse will begin exchange-traded product listings in the third quarter, corporate listings in the fourth and finally initial public offerings of companies entering the market for the first time in 2027.

Broker-dealers could begin applying for membership last year, with TXSE then taking connectivity requests in November. Dallas-based stock broker CAPIS announced it had joined TXSE as a member in March. Meanwhile, on March 31, Texas' homegrown exchange secured its first primary listing commitment from Dallas-based investment and asset management firm Westwood Holdings Group, as the firm announced a forthcoming energy-centered exchange-traded fund, the Westwood Salient Enhanced Power & Infrastructure ETF, that will list on TXSE.