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Charles Schwab to add Texas Stock Exchange listing while keeping NYSE as home base

Andre Savage
Published Oct 1, 2026
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Summary:
  • Starting Oct. 7, Charles Schwab will list its common stock on the Texas Stock Exchange in addition to New York.
  • The Westlake, Texas company has invested in the upstart venue and will keep its primary listing on the NYSE.
  • TXSE's parent announced a $155 million third funding round, mostly from existing investors, with backers including BlackRock, Citadel Securities and JPMorgan Chase.

What Charles Schwab announced

Charles Schwab said it will begin a dual listing of its common shares on the Texas Stock Exchange on Oct. 7, while maintaining the company's primary listing on the New York Stock Exchange. The financial-services provider, headquartered in Westlake, Texas, is also an investor in the new marketplace.

Why TXSE is in the spotlight

In the past few weeks, TXSE has lined up its initial listings, among them firms electing to make it their primary venue after previously being on the NYSE or Nasdaq. TXSE's corporate parent, based in Dallas, also announced a third funding round totaling $155 million, with most of the capital coming from existing investors. Beyond Charles Schwab, its backers include BlackRock Inc., Citadel Securities and JPMorgan Chase & Co. NYSE and Nasdaq, the longtime leaders for US listings, have responded by launching Texas-based venues to extend their presence in the state.

Who can dual list on TXSE

TXSE's dual-listing option is open only to companies with a market capitalization above $100 billion. Charles Schwab's market value is about $169 billion, so it qualifies for the program.

Even when the spotlight shifts, a steady investing habit matters, so download the free Always Be Buying E-Book

What this means for your portfolio

Rick Wurster, Charles Schwab's CEO, summed up the move: "We're proud to support TXSE and what it represents for the future of US markets." TXSE chief James Lee added, "Schwab's decision to join TXSE reflects the growing demand among leading public companies for greater competition, choice and alignment in the US public markets." For investors, the tangible change is simple. Beginning Oct. 7, Schwab shares will trade on two exchanges while keeping their primary home on the NYSE.

No matter which exchanges get attention, long term gains favor consistency, pick up our free Always Be Buying E-Book today

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