Texas Capital Bancshares Inc. will move two of its exchange-traded funds to the Texas Stock Exchange (TXSE) as their primary trading venue, effective Sept. 16, pending regulatory approvals.
The funds, which currently trade on NYSE Arca, will retain their existing ticker symbols and investment strategies. The shift designates TXSE as the principal exchange for the ETFs, expanding its role in their trading activity.
This marks the first primary listings for the Texas Stock Exchange since it began operations. TXSE has previously secured secondary listings from several companies.
The exchange is backed by major investors including BlackRock, Citadel Securities, and Charles Schwab. Texas Capital Bancshares did not disclose the names or ticker symbols of the affected ETFs.
Primary listings grant the exchange greater influence over trading volume and market data associated with the funds, while secondary listings allow companies to trade on multiple exchanges without designating a primary venue.
