Charles Schwab to Dual List Common Stock on Texas Stock Exchange

The Charles Schwab Corporation (SCHW ) announced on October 1, 2026, that it will begin dual listing its common stock on the Texas Stock Exchange (TXSE), with trading on the venue set to commence at market open on October 7, 2026, under the ticker symbol SCHW. The company will maintain its primary listing on the New York Stock Exchange, according to the company’s announcement. Schwab described the secondary listing as supporting competition, innovation, and choice in U.S. capital markets.

“We’re proud to support TXSE and what it represents for the future of U.S. markets,” said Rick Wurster, Schwab’s President and Chief Executive Officer. “Texas is central to our story as the home of our headquarters and more than 10,000 employees.” Wurster said Schwab was excited to be part of TXSE’s launch and to continue the work the company has done for 50 years: helping people reach their financial goals with the guidance, tools, and insights they need to build a brighter financial future.

“Schwab’s decision to join TXSE reflects the growing demand among leading public companies for greater competition, choice and alignment in the U.S. public markets,” said Texas Stock Exchange Chairman and CEO James H. Lee. Lee said America’s economic center of gravity is shifting and that Schwab, which he described as one of the most respected names in financial services, understands where the markets are headed. He said the exchange was proud to partner with Schwab as it positions itself for the future.

Schwab is headquartered in Westlake, Texas, and was among the original group of investors in TXSE. Separate from the listing announcement, the company will celebrate its TXSE listing at a closing bell ceremony on October 26, 2026.

Schwab’s Reported Accounts and Client Assets

The company reported 40.1 million active brokerage accounts, 5.9 million workplace plan participant accounts, 2.4 million banking accounts, and $13.41 trillion in client assets as of August 31, 2026. Through its operating subsidiaries, Schwab provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc., is a member of SIPC and offers investment services and products, and its primary banking subsidiary, Charles Schwab Bank, SSB, is a member of the FDIC and provides banking and lending services and products.

Texas Stock Exchange Background

The U.S. Securities and Exchange Commission approved the Texas Stock Exchange’s Form 1 registration to operate as a national securities exchange on September 30, 2025, TXSE Group announced. TXSE characterized the decision as making it the first fully integrated national securities exchange to receive SEC approval in decades, said it had already completed its proprietary order matching engine and exchange platform, and said it worked closely with SEC staff throughout the approval and public comment process. The exchange is headquartered in Dallas and described itself as the most well-capitalized equities exchange ever approved by the SEC.

TXSE Group announced on October 31, 2025, that it had completed its second-round financing, bringing its total capital raised to more than $250 million. J.P. Morgan made an equity investment in the group and would join its board of directors as an observer. The group’s institutional investors also include BlackRock, Charles Schwab, and Citadel Securities, with 82 financial institutions and business leaders in total holding equity in TXSE Group.

On July 31, 2026, the exchange commemorated the successful launch of production trading with a bell ceremony at its Dallas headquarters, marking the completion of a phased rollout of all National Market System symbols on its platform, according to TXSE’s launch announcement. TXSE said it built its custom order-matching engine and delivered a fully integrated exchange in 18 months, and reported more than 50 member firms at launch. TXSE President and Global Head of Trading Cameron Smith said the system can process billions of messages with ultra-low latencies. The exchange said at the time that it planned to introduce auctions to support listings later in 2026, with ETP listings expected in late Q3, followed by corporate transfers in Q4 and IPOs in 2027.