Texas Stock Exchange launches as it aims to rival Wall Street

Members began trading test securities during a phased rollout, with public trading expected on Friday.

The Texas Stock Exchange officially launched on Monday, marking the state’s first major step toward competing with Wall Street.

Members began trading test securities as part of a phased rollout, with public trading expected to begin Friday.

While Monday’s opening took place largely behind the scenes, officials said the exchange will continue to expand throughout the month.

The Texas Stock Exchange hopes to challenge the New York Stock Exchange by offering lower fees and business-friendly rules.

This story was originally reported for broadcast by NBC DFW. AI tools helped convert the story into a digital article, and an NBC DFW journalist edited it again before publication.