Texas

The Texas Stock Exchange will commence trading on Monday, kickstarting the first real test of one of the most well-funded new exchanges to launch in decades.

The Texas Stock Exchange, a Dallas-based startup, will initiate a phased rollout to take place over the course of July. On Monday, the public can start trading as thousands of stocks come online over the course of the month. By the third quarter, exchange officials hope to have Exchange-Traded Products, or ETPs, listed on the exchange and corporate listings available during the fourth quarter of this year, according to a statement from the exchange.

Both Texas state government and stock exchange officials hope the Texas Stock Exchange, or TXSE, launch will solidify Dallas’ attempt to become a national financial hub and boost the Texas economy by growing the financial services industry in the state and making money for any Texas companies and investors that are doing business through the exchange.

“With the start of full production trading, any last notions that TXSE is theoretical are instantly swept away,” a TXSE official wrote in a statement Thursday.

Monday’s start of trading is critically important to test-run and demonstrate to companies interested in listing on TXSE that it can provide a viable alternative to the New York Stock Exchange and NASDAQ, said Sriram Villupuram, a University of Texas at Arlington associate professor of finance.