The Texas Stock Exchange (TXSE) is nearing its first major corporate listing, with Energy Transfer, an oil and gas pipeline giant, reportedly preparing to move its primary listing to the new exchange. This move, if finalized, would represent a significant early win for the Dallas-based TXSE as it seeks to challenge established markets in New York.
Energy Transfer, led by CEO Kelcy Warren, is in advanced discussions to transfer its primary listing from the New York Stock Exchange to the TXSE. The company, which is a major player in the energy infrastructure sector, has a substantial presence in Texas. The TXSE has been actively recruiting companies, particularly those with ties to Texas or the energy industry, aiming to establish itself as a competitive alternative to Wall Street exchanges.
The TXSE, founded in 2021 and scheduled to begin trading in 2025, has been positioning itself as a more business-friendly venue, particularly for companies in the energy sector. The exchange has also emphasized its commitment to regulatory compliance and technological innovation. Securing a listing from a company of Energy Transfer's size and profile would lend considerable credibility to the TXSE and potentially attract other major corporations looking to diversify their exchange presence or align with a market emphasizing energy and American interests.