Texas Stock Exchange Fortifies Leadership with Key Appointments
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Texas Stock Exchange Fortifies Leadership with Key Appointments
- The Texas Stock Exchange (TXSE) has appointed Jaime Gow as its Chief Financial Officer and unveiled a board of directors featuring executives from prominent trading firms, signaling its intent to challenge established exchanges.
- The new board, announced on May 18, 2026, includes Andrew Upward of Jane Street and Darren Mulholland of Hudson River Trading, bringing over 300 years of combined capital markets experience.
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The Texas Stock Exchange (TXSE), headquartered in Dallas, has announced significant additions to its leadership team as it prepares for a full launch in 2026. On May 18, 2026, TXSE Group, the exchange’s parent company, named Jaime Gow as its Chief Financial Officer. Gow brings extensive experience in public company finance, accounting, and capital markets, having previously served as CFO for Sagent and holding senior finance roles at Mr. Cooper Group.
Concurrently, TXSE unveiled its inaugural board of directors, a group that includes executives from leading financial institutions and former regulatory officials. Notable appointments include Andrew Upward, a market structure strategist at Jane Street, and Darren Mulholland, Head of Business Development at Hudson River Trading. Other board members include Paul Donahue, former Chairman and CEO of Genuine Parts Company; Ken Hersh, Chairman of HFI Capital Management; Anna Kurzrok, Managing Director at Jefferies, LLC; and Rick Roberts, a former Commissioner of the U.S. Securities and Exchange Commission. James H. Lee, founder and CEO of TXSE Group and the Texas Stock Exchange, emphasized that these appointments provide “institutional validation” of TXSE’s mission to enhance competition in U.S. public markets.
The TXSE aims to begin offering exchange-traded products (ETPs) this summer, with full trading operations commencing on July 6, 2026, starting with test symbols. The exchange received approval from the U.S. Securities and Exchange Commission (SEC) to operate as a national securities exchange on September 30, 2025. Backed by institutional investors such as BlackRock, Citadel Securities, and JPMorgan Chase, the TXSE has raised over $270 million in capital, making it the most well-capitalized national securities exchange ever approved by the SEC. The exchange plans to facilitate listings for public companies, ETPs, and American depositary receipts (ADRs), with corporate listings anticipated in the fourth quarter of 2026.