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Rick Perry Joins TXSE, Leading Texas’ New Financial Hub

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The Texas Stock Exchange (TXSE), led by former Texas Governor Rick Perry, is set to make waves in the U.S. financial markets. Announced on September 30, 2024, TXSE Group Inc.’s leadership team is a powerhouse of finance, regulation, and technology industry veterans.

With a goal to elevate Dallas as a major financial hub, TXSE aims to create a world-class platform that competes with established exchanges like the NYSE and Nasdaq. TXSE plans to offer a more “CEO-friendly” environment, more accessible access to capital, and foster innovation in trading technologies. Founder and CEO James Lee emphasized, “Dallas will become a new hub for capital markets in the United States.”

Texas Governor Greg Abbott

Texas Governor Greg Abbott, a strong supporter of TXSE’s mission, stated, “Business is booming so much in Texas. We now have our own exchange-traded fund. It’s a basket of stocks of only Texas companies. A stock exchange in Texas has long been a vision of mine. Today’s announcement is the next logical step in the trajectory of business in Texas. The Texas Stock Exchange will ensure that businesses have access to capital and that market participants have more choices. Texas is the modern embodiment of the American dream, where everyone has the opportunity to succeed, and the Texas Stock Exchange will ensure more businesses have that opportunity.”

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Rick Perry’s Role: A Key Player in Texas’ Economic Future

Former Texas Governor Rick Perry

Rick Perry’s involvement brings significant political and economic expertise. His leadership and that of other key figures like Paul Foster and Tyson Tuttle strengthened TXSE’s credibility. Perry’s experience as Texas’ longest-serving governor and U.S. Energy Secretary adds weight to the project, positioning TXSE to attract global attention.

After years of national service, Perry had settled into a quieter life in Central Texas. Still, his return to a prominent role with TXSE signals his enduring commitment to Texas’ economic future.

TXSE’s Key Players

James Lee, Founder and CEO: A veteran in U.S. equity markets, Lee is the visionary behind TXSE.

Photo Courtesy, via LinkedIn

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Cameron Smith, Global Head of Trading: Smith’s background in trading and compliance will help maintain high standards in TXSE’s operations.

Photo Courtesy, via LinkedIn

Jeff Brown, General Counsel: Brown’s regulatory expertise is critical as TXSE works toward SEC approval.

Photo Courtesy, via LinkedIn

Nicole Chambers, Global Managing Director of Listings: Chambers’ experience at Nasdaq will drive TXSE’s listings growth.

Photo Courtesy, via LinkedIn

Rick Yoder, Chief Technology Officer: Yoder ensures TXSE’s tech platform stays cutting-edge.

Photo Courtesy, via LinkedIn

TXSE aims to challenge entrenched financial powerhouses by providing a faster, more efficient trading platform. It has already raised over $135 million, positioning itself as the most well-funded securities exchange to seek SEC approval. However, navigating regulatory approval and competing with long-established exchanges will be significant hurdles.

TXSE is set to execute its first trades by the end of 2025, with complete listings launching in 2026. Backed by leaders like Rick Perry and Governor Greg Abbott’s endorsement, TXSE is poised to make Texas a major player in global financial markets. As Abbott said, Texas embodies the American dream, and TXSE will ensure businesses have the opportunity to thrive. If it happens in Texas, it’s bound to be Big.

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