Texas Stock Exchange wins first primary listings with TCBI’s ETFs

Texas Capital Bancshares announced on Tuesday that two of its exchange traded funds (ETFs) will become the primary listings on the Texas Stock Exchange (TXSE) beginning September 16, subject to regulatory approvals. Currently, both funds trade on NYSE Arca, which is a part of the New York Stock Exchange group. This move marks the first primary listings for TXSE, as the ticker symbols and investment strategies of the ETFs will remain unchanged.

According to Texas Capital Bancshares, the primary listing designation will give the Texas Stock Exchange a more prominent role in the trading of these ETFs. The exchange has already secured secondary listings from multiple companies. TXSE, which began full trading operations in July, is backed by investors such as BlackRock, Citadel Securities, and Charles Schwab. The exchange plans to start accepting initial public offerings (IPOs) next year.