The Texas Stock Exchange has signed a lease at Bank of America Tower at Parkside, officials with the exchange told The Dallas Morning News.<\/p>\n
The deal includes several provisions that would allow TXSE to get out of the lease without penalty if certain conditions aren\u2019t met. One key point is that city officials approve an electronic ticker on the high-rise, TXSE said.<\/p>\n
\u201cWhile TXSE has taken the next step to select its permanent home in Dallas, we continue to work through a number of critical remaining items that are essential to finalizing the location of the Texas Market Center,\u201d the group said.<\/p>\n
TXSE was announced in 2024 with more than $100 million in backing from major players like BlackRock, Citadel Securities and Charles Schwab. That figure has grown to $275 million thanks to investments from Goldman Sachs, Bank of America and others.<\/p>\n
The Dallas-based exchange received approval from the U.S. Securities and Exchange Commission last fall, and it aims to be a competitor to the Big Apple duopoly of the New York Stock Exchange and Nasdaq.<\/p>\n
TXSE is currently based out of a headquarters in Dallas’ Knox\/Henderson neighborhood but has maintained plans for a headquarters dubbed the Texas Market Center. The headquarters will feature executive offices, a Texas business museum and a broadcast studio for the opening and closing of trading.<\/p>\n
This is a developing story and will be updated.<\/p>\n
Subscribe<\/p>\n