![](https://s24806.pcdn.co/wp-content/uploads/2024/06/Texas-longhorn-stock-data-istock-di-shutterstock_2228408959-copy.jpg)
[Image: istock, shutterstock, DI]
James Lee
Founder and CEO
TXSE Group
.…on his company’s planned launch of the Texas Stock Exchange, via the Dallas Morning News.
![](https://s24806.pcdn.co/wp-content/uploads/2017/10/Screen-Shot-2017-10-01-at-12.42.04-PM-e1506880190392.png)
As we noted in our top story today, Lee’s TXSE Group plans to launch the Texas Stock Exchange (TXSE), focused on Texas and the Southeast U.S. The group says it will provide “a venue to trade and list public companies and the growing universe of exchange-traded products” as a “fully electronic, national securities exchange.” That’s caused buzz across the Lone Star State—and especially on Wall Street.
Lee told the Dallas Morning News he gives a lot of credit for the planned launch to Texas Governor Greg Abbott, who’s long supported such an endeavor. (He also rang the NYSE bell himself last September while trumpeting Texas as “the eighth-largest economy in the entire world and with an annual GDP of $2.35 trillion.”)
“If we draw activity away from the [NYSE and NASDAQ], that’s just part of the competitive process,” Lee told the DMN “This is a national securities exchange. If we’re fortunate enough to be approved by the SEC, we think we could focus what we’re doing initially in [the Southeast] to capture a portion of shares in those markets because of the alignment that we’re bringing forward.”
For more of who said what about all things North Texas, check out Every Last Word.
![](https://s24806.pcdn.co/wp-content/uploads/2017/10/Screen-Shot-2017-10-01-at-12.42.04-PM-e1506880190392.png)
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Watch out, Wall Street—a Dallas-based stock exchange is bucking its way into U.S. equity capital markets. And it's already lined up around $120 million in funding from BlackRock, Citadel Securities, and other investors including "prominent business leaders from around the country."
-
The newly established Texas Capital Foundation is following the first round of grant awards by opening again for new submissions this November.
-
Tarleton State University received the go-ahead for a new biotechnology institute as part of Texas A&M-Fort Worth's burgeoning downtown research campus. Approved in mid-August by the Texas A&M University System Board of Regents, the biotech institute is situated in one of the nation's fastest-growing life sciences hubs. "More than 5,000 biotechnology manufacturing and research and development firms — think Novartis, Alcon, AstraZeneca — call Texas home," according to the university. And DFW now ranks seventh in the U.S. for life science and biotech jobs. The Tarleton State Biotechnology Institute will focus on discovery and innovation in bioinformatics and computational modeling.…
-
Lee is one of three UT Arlington faculty members who've been awarded $1.6 million from the Department of Energy to help boost the reliability of Texas's electric grid. The team is exploring the use of "behind-the-meter" energy devices that may help cut down on electricity consumption—and even upload energy to the grid itself, writes Fort Worth Report's Shomial Ahmad.
-
The North Texas Innovation Alliance has begun offering quarterly "hands-on innovation experiences" at "the brightest and most innovative projects across North Texas" for NTXIA members. The Immersive Innovation field trips kicked off with a tour of the NSF's newly opened eCAT Center at UNT. Here's where the NTXIA is going next.