Plans for a new national stock exchange based in Dallas, Texas [Video]

Founders say they have raised more than $135 million and will submit a registration to the U.S. Securities and Exchange Commission in the coming months.

DALLAS — New York’s iconic charging bull might need to move over.

A red Pegasus appears poised to take flight as the symbol of a city that’s a global financial center.

“Our next step is to submit a registration with the SEC which we will do in the coming months,” said James Lee, founder, chairman and CEO of the TXSE. “Pending approval, we will execute our first trades at the end of next year and launch listings in early 2026.”

The Texas Stock Exchange will be somewhere in “the heart of Dallas,” according to its website, at a headquarters they will call it Texas Market Center.

It will house executive offices, a conference center, a bell-ringing venue and a broadcast center.

“Dallas will become a new hub for capital markets in the United States,” Lee …