WaypointTrading Solutions, a unit of Reston-based Transaction Network Services (TNS),says it will provide connectivity to the Texas Stock Exchange (TXSE) from theDallas venue's first day of trading. The moveadds TXSE, which won regulatory approval last year and is preparing to launchin 2026, to a US equities roster the company says already covers all 22national exchanges.TXSE hasnot begun trading. It secured approval from the Securities and ExchangeCommission to operate as a national securities exchange in September 2025, andhas signaled it expects to open later this year. Waypoint'sannouncement stakes out access to a venue whose order flow does not yet exist.Connectivity Lands Beforethe Exchange DoesThe patternis familiar. When 24X National Exchange prepared its extended-hours US stockplatform last year, TNS lined up market dataconnectivity ahead of the launch, pitching access to firms in Asia that wanted to trade American sharesduring local hours. Waypoint is running the same playbook for TXSE.Being liveon day one matters for connectivity firms because brokers and trading desksroute through whichever networks already reach a venue. TomLazenga, president of Waypoint, said in the announcement that "it wasimportant to our clients that we establish connectivity... from day one,"framing the link as part of the firm's US markets coverage.TXSEarrives with heavy financial backing. Public filings and reports list investorsincluding BlackRock, Citadel Securities and Charles Schwab, joined morerecently by JPMorgan, Goldman Sachs and Bank of America, with capital raisedabove $250 million. Theexchange is pitching itself as a lower-cost rival to the New York StockExchange and Nasdaq.Rick Yoder,TXSE's chief technology officer, said the exchange "has built a modernproprietary trading platform designed for high throughput and speed," aclaim that will not be tested until live trading begins.Infrastructure Firms Chasethe Same Exchange BusinessWaypoint isnot alone in courting exchanges and the firms that trade on them. BeeksFinancial Cloud has spent the past year signing venues to its Exchange Cloudservice, and booked about $10 million ofcontracts in June across a Tier 1 bank, a financial services client and a USequities exchange.Beeks worksdifferently from Waypoint. It builds managed infrastructure next to tradingvenues and, increasingly, takes a cut of transaction revenue rather thancharging fixed fees. Otherscompete on the network and data layer. Pico sells low-latency connectivity andits Corvil analytics tools across global data centers, while IPC Systems runsits Connexus Cloud trading network.A Network Built on the OldRadianz BusinessWaypointsplits its services into three lines. Radianz provides trading connectivitythrough what the company calls the world's largest financial extranet, Xpressoffers a managed low-latency platform, and Sentinel handles market data. TheRadianz piece is the most established, with roots going back more than twodecades.Thatnetwork changed hands this year. TNS closed its acquisition of BT'sRadianz business in early 2026, folding the cloud platform that connects thousands of brokers,exchanges and clearinghouses into its own low-latency network. Waypoint is thebrand under which TNS now sells the combined offering.The companysays its ecosystem reaches more than 800 exchanges, venues and serviceproviders across over 70 countries, and that more than 1,000 financialinstitutions rely on it. TNS has used that footprint to embed itself in otherfirms' systems, including a deal in which Broadridge built TNS connectivityinto its futures and options software.For now,the announcement reflects vendor positioning more than market activity. Whetherday-one connectivity turns into business depends on how many issuers andtraders TXSE can pull away from the incumbents once it opens.This article was written by Damian Chmiel at www.financemagnates.com.