DALLAS — The long-planned Dallas-based national stock exchange has announced where its temporary home will be, starting this spring.
The Texas Stock Exchange, also called Y’all Street, will open in Weir’s Plaza, a 12-story mixed-use building in the Knox-Henderson district this spring as they search for a permanent home for their headquarters, which will be called Texas Market Center.
“The Texas Market Center will add to the vibrancy of Dallas’ thriving business community, and we believe it will drive further investment and corporate interest in the city and surrounding region,” Texas Stock Exchange Group Inc. CEO and founder James Lee said.
The headquarters will house a bell-ringing venue and broadcast center as well as a conference center, and more.
“It's also important to note that TXSE will operate data centers in the Dallas area that offer co-location services, in addition to data centers in New Jersey and Chicago,” a Texas Stock Exchange spokesperson said. “The Texas Business Museum will be housed inside the Texas Market Center and showcase the history of modern business and industry within the state. The museum could also provide an opportunity to partner with Texas’ renowned universities to research and maintain content and artifacts.”
The Texas Stock Exchange will provide a venue to trade and list public companies -- especially those from the southeast region of the country -- and exchange-traded products.
The Texas Stock Exchange will focus on attracting companies in the southeastern U.S. to its roster, including those from Texas, Oklahoma, Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
The TXSE board includes former Texas Gov. Rick Perry, who was also U.S. Energy Secretary, and leaders from Blackrock and Citadel Securities.
Texas is home to more than 5,200 private-equity-sponsored companies, many of which are preparing to access the public markets, and there are already more than 1,500 publicly traded companies throughout the region.
