A new stock exchange has launched in Texas, marking a significant development in the state's financial sector. The exchange began a phased rollout, with members starting to trade test securities.

Public trading is expected to start soon, with further expansion planned throughout the month. The goal of the Texas Stock Exchange is to provide an alternative to traditional exchanges by offering lower fees and more business-friendly rules.

Further details about the Texas Stock Exchange and its plans are available from NBC 5 Dallas-Fort Worth, which originally reported on the story.