Texas equity performance attracts interest

Texas's equity market performance has captured Wall Street's attention. It has demonstrated remarkable performance and drawn major players to establish a presence in the Lone Star State.

The Texas Stock Index, which tracks sixteen diverse publicly traded companies headquartered in Texas, has outperformed major market benchmarks significantly since March 2020, surging 231% compared to the S&P 500's 153% and the Dow's 121% gain.

The Texas Stock index is based on the weekly average market capitalization of sixteen publicly traded companies headquartered in Texas.

This exceptional performance hasn't gone unnoticed. In a groundbreaking development, TXSE Group Inc. has secured $161 million in initial capital funding, setting a record for exchange capitalization at the Form 1 filing stage. The company's Texas Stock Exchange LLC (TXSE) registration with the SEC marks one of the most comprehensive exchange applications in two decades, proposing a full suite of services, including trading, corporate listings, ETPs, auctions, and data products.

Further validating Texas's growing importance in financial markets, the New York Stock Exchange announced plans to launch NYSE Texas in Dallas. NYSE Group President Lynn Martin noted that Texas-based companies listed on the NYSE represent over $3.7 trillion in market value. The decision to reincorporate NYSE Chicago as a fully electronic exchange in Texas reflects the state's increasingly prominent role in America's financial landscape.