The publication of our Form 1 registration is another significant step for the Texas Stock Exchange (TXSE). We are the first fully integrated exchange to submit a registration in 25 years, with plans to offer trading, listing, and data services. We continue to move closer to our goal of bringing increased competition, transparency, and alignment to the U.S. equity markets and establishing Texas as a global financial powerhouse.
The TXSE commitment to becoming a world-class exchange starts with our decision to create a proprietary matching engine from the ground up. We have assembled an experienced and talented team of technologists, operations, and regulatory personnel who are taking a first principles approach to building an exchange that incorporates the latest hardware and software, delivering best-in-class speed and performance. At the same time, we are ensuring our exchange platform and services will be flexible and scalable, allowing TXSE to meet our customers' needs in the rapidly evolving regulatory and trading environment. We intend to serve a diverse ecosystem of users, including institutions, agency and retail brokers, and professional traders of all types.
Our mission is to foster high-quality markets. We are proud that our listings ruleset outlines some of the highest quantitative standards in the industry. In fact, many companies that are publicly traded today would not meet the requirements for transferring listing to TXSE. These are companies with penny stocks, foreign issuers with unverifiable finances, shell companies, and others that are already failing to meet listing requirements on existing exchanges. We believe this is distorting the capital allocation process while generating large fees for legacy exchanges.
Our approach aims to restore confidence in the markets while reducing the high cost of going and staying public. To guide our work, we are establishing a Listings Standards Advisory Council, led by experts in market structure and economic policy: Richard Fisher, former president of the Federal Reserve Bank of Dallas, Jeb Hensarling, former chairman of the House Financial Services Committee, and Laura Morrison, former global head of exchange traded products at Cboe Global Markets. Together, they will play a key role in shaping TXSE's framework for initial and continued listings criteria for corporates, ETPs, and foreign issuers.
We look forward to working with the U.S. Securities and Exchange Commission on the approval of our registration as a fully electronic national securities exchange, headquartered in Dallas. Throughout this process, we will continue to engage with market participants, regulators, and industry leaders to foster meaningful competition and innovation in the U.S. capital markets.
TXSE's full Form 1 filing can be viewed here.