In a clear signal of confidence in Texas’ own capital‑market infrastructure, two home‑grown companies are set to complete their final day as Nasdaq listings on Friday and begin trading on the Dallas‑based Texas Stock Exchange (TXSE) on Monday.
CECO Environmental makes the move
CECO Environmental Corp., headquartered in Addison, filed an SEC notice on Oct. 2 indicating its intent to transfer its primary listing to TXSE. The company will retain its ticker symbol CECO and its existing CUSIP number, meaning shareholders need take no action. Trading on Nasdaq is slated to end after the market closes on Oct. 16, with TXSE trading to commence at the opening bell on Oct. 19.
“This move builds upon our strong presence in Texas, which includes our global headquarters in Addison and a large employee base in the state,” said Chairman and CEO Todd Gleason. “Texas is currently the most dynamic economic market in the United States, attracting an influx of investment and business growth.” CECO emphasized that the transfer will not affect its operations, financial condition, reporting obligations, or shareholder rights.
International Bancshares follows suit
International Bancshares Corporation (IBC), based in Laredo, submitted a similar Nasdaq withdrawal notice on Oct. 6 and confirmed the transfer with an additional Form 8‑A filing on Oct. 13. IBC’s ticker IBOC will also move to TXSE, with trading beginning on the same Monday.
IBC operates five separately chartered banks and reports roughly $17 billion in consolidated assets. The bank provides commercial and retail services through 165 facilities and 245 ATMs across Texas and Oklahoma. “Texas has long been a place where free‑enterprise principles have allowed businesses to build, grow, and lead, and we are excited to continue that legacy by bringing IBC’s primary listing to the state where our business has prospered for 60 years,” said Chairman and CEO Dennis E. Nixon. IBC plans a closing‑bell ceremony in Houston on Dec. 7 to mark the transition.
TXSE’s rapid expansion
The Texas Stock Exchange, launched less than four months ago, is quickly building a robust corporate‑listings platform that competes with Nasdaq and the New York Stock Exchange. Since its production launch in July, TXSE has added nearly $100 billion in market value from companies such as Energy Transfer, Sunoco, SunocoCorp, and USA Compression Partners. Dillard’s, Texas Capital Bancshares, and other notable firms have also migrated primary listings to TXSE.
TXSE describes itself as a fully integrated electronic national securities exchange headquartered in Dallas. While a primary listing change shifts the principal exchange relationship, it does not restrict where investors can buy or sell the shares; the new venue simply assumes the listing responsibilities.
Implications for Texas businesses
These moves highlight a growing trend of Texas‑based firms seeking the advantages of a local exchange—lower costs, streamlined regulatory processes, and a supportive business climate. For investors and local economies, the shift promises increased visibility for Texas enterprises and reinforces the state’s reputation as a hub for free‑enterprise growth.
Both CECO Environmental and International Bancshares will appear on TXSE’s trading alerts list as of Monday, marking another milestone in the exchange’s early development.
Original reporting: The Dallas Express — read the source article.
