TXSE, headquartered at 3819 Maple Ave., plans to launch trading and corporate listings in 2026. Plano-based JPMorgan Chase is among corporate backers of the exchange.
Plano hosts three times the national average of financial services jobs, Plano’s former Director of Economic Development Doug McDonald said. He added Plano is well positioned to benefit from TXSE due to its established workforce.
TXSE Executive Vice President Matthew Verghese said at a Nov. 13 event that Plano is a logical home for expansion.
"There was never a question [the stock exchange] was coming to North Texas,” Verghese said. “Dallas, whether it happens before the end of this decade or ... in the next decade, will become [a] financial capital.”
Zooming out
McDonald said Plano’s growing financial influence makes it an attractive location for companies that want access to Dallas but need more space, especially as corporate growth continues moving north. He noted more companies are splitting operations between Dallas and suburban employment centers, with Plano playing a leading role.
For instance, while JPMorgan Chase maintains a Dallas office, its local employment in Plano rose from 9,500 in 2023 to over 11,000 in mid-2025, according to Plano Economic Development data.
What it means
McDonald said Plano ISD’s new Career and Technical Education Center, opening in 2026, will strengthen the city’s financial workforce pipeline.
PISD CTE Director Karen Buechman said the students will operate a fully functioning bank through the Credit Union of Texas, supplemented by partnerships with companies to integrate real-world experience.
The center will also feature 17 other workforce development programs, including several in tech.
McDonald said Plano is home to more than 140 financial services companies, employing just over 50,000 people. The TXSE’s launch, he said, could bring new institutions.
Kelle Marsalis, Plano Chamber of Commerce president and CEO, said having a local stock exchange will also open doors for business already in Plano.
“From a business perspective, what’s good for Dallas is good for Plano,” Marsalis said. “Our region has always been a really great hub for those financial services and professional services industries, and so I think this will be a shot in the arm for them too.”
Looking ahead
McDonald said while Dallas will be the region’s central financial hub, Plano will serve as a “supporting system.”
Marsalis said Plano-based businesses “on the precipice of growth” could also see increased access to investors as the exchange brings “some of that capital market and some of those investors along with it.”
“[Plano has] some large employers, but [we] also have a really big group of middle-market and small-business institutions,” Marsalis said. “Anything that can keep the job market strong ... means more higher paying wage jobs.”
The stock exchange’s launch will also draw supporting infrastructure to North Texas, such as data centers, Verghese said.
