Sept 30 (Reuters) - The TXSE said on Tuesday that the

SEC has approved its application to launch a stock exchange

based in Dallas.

The exchange said it will begin trading in corporate stocks

and exchange-traded products in 2026.

The new Texas Stock Exchange has received backing from about

two dozen investment and trading firms, including BlackRock ( BLK )

, Charles Schwab ( SCHW ) and Citadel Securities. It aims

to compete head-to-head with Nasdaq and the New York Stock

Exchange.