Y’all Street: Why Texas Built Its Own Stock Exchange

What happens when Texas decides Wall Street needs a little competition? In this episode, Jake McClure digs into the surprising story behind the Texas Stock Exchange and why it may have far less to do with trading stocks and far more to do with where economic power is headed in America. Along the way, Jake pulls back the curtain on how stock exchanges actually work, why companies choose the NYSE or NASDAQ, and what market makers, circuit breakers, and listing standards really do behind the scenes. He also explores why major players like BlackRock and Citadel are backing the new exchange, how Texas has become a magnet for businesses and investment capital, and whether the financial center of gravity is slowly shifting south. If you've ever wondered what a stock exchange actually does, why companies go public, or why a brand-new exchange could matter, this episode offers a fascinating look at the machinery that powers modern capitalism. Pull up a chair on Y'all Street and join the conversation about money, markets, competition, and the future of American business.   This episode was recorded on July 24, 2026. If you would like to contact us, please send an email to us at advisingteam@tpwc.com. We are happy to address any of your questions about Economics and Finance. If you are ready and would like to book an appointment either in office or over the phone, you can also send a message to us through the contact form on our website TPWC.com. ** The information provided in this episode is for educational purposes only and should not be considered investment advice. We are “The Personal Wealth Coach,” which is also the name of an SEC-registered investment advisory firm. However, being registered with the SEC does not authorize us to provide investment advice. Investment advice should be personalized, offered in a private setting, and be in the best interests of the individual as a fiduciary. If we make any fraudulent statements, you should report them to the SEC. The information presented in this educational episode has been obtained from sources that we deem to be reliable, but we make no warranty or guarantee as to the completeness or accuracy of said information.