Frequently Asked Questions.

Who owns the Dream Exchange?

DX Capital Partners, LLC is the majority owner of the Dream Exchange. The Managing Member of DX Capital Partners is Dwain J. Kyles.

When will the Dream Exchange open? 

We have officially submitted our Form 1 application to the Securities and Exchange Commission, as set forth in the Federal Register. After approval and once operational, Dream Exchange will launch its fully licensed SEC-registered securities exchange, trading in national market system (“NMS”) stocks.

Can the Dream Exchange open without the Main Street Growth Act?

Yes, the Dream Exchange intends to open a fully licensed National Market System Stock Exchange similar to the NASDAQ and NYSE which requires no legislation to open.

Concurrently, Dream Exchange continues to champion the Main Street Growth Act which will allow for the creation of venture exchanges which will list and trade early-stage, small-to-mid sized businesses.

How did Dream Exchange start?

Founder and CEO Joe Cecala was a securities lawyer for over 30 years and learned in-depth how stock exchanges work being part of the founding of a company that created among the first electronic trading systems (ECN) in the US. This electronic stock exchange went on to become Archipelago and was ultimately merged with the New York Stock Exchange to become what is now known as NYSE-Arca, one of the leading stock exchanges in the world.

Mr. Cecala worked on capital transactions where he and long-time friend, Dwain Kyles, were attempting to assist small, minority-led businesses get access to capital. In that time, they found that small capital transactions were particularly difficult because there was no clear exit in sight for the investor. After years of research they discovered that the structure of US capital markets and current stock exchanges favored only the largest transactions. Mr. Cecala’s research showed that prior to Archipelago, the overwhelming majority of IPOs were $50.0 million and under, as opposed to today where the majority of IPOs are easily in the hundreds of millions and even billions. By 2004, small capital IPOs had all but disappeared.

As a result, in 2018, Mr. Cecala founded the Dream Exchange to solve these long-standing market problems by creating a stock exchange to expand access to capital markets for small companies with great imaginations and ideas.

Shortly after Dream Exchange’s founding, the Company formed an agreement with Dwain Kyles as the leader of a minority-controlled capital provider. This allows the Company to not only create a venture exchange for small businesses, but also a national market system exchange under minority control for the first time in our nations history.

When will the Dream Exchange open?

Dream Exchange is currently preparing our application to become an SEC licensed national market system stock exchange. Further updates on our progress will be sent to our email list if you sign up using the form below.

Who can be a “member” of the Dream Exchange?

U.S. registered broker-dealers are eligible to become Members of Dream Exchange LLC, subject to the requirements of the Dream Exchange Rule Book. Broker-dealers must be a member of another Self-Regulatory Organization (SRO) and maintain an active clearing relationship with an NSCC member clearing firm who is also a Member of the Exchange. 

Does it cost anything to apply for membership?

No, the Dream Exchange does not charge a fee for application.

How can my firm apply for membership?

Visit our Trading and Investing page and fill out the contact form at the bottom of the page and someone from our Membership team will reach out to you.

When will I be able to list my company on Dreamx’s National Market System Exchange?

We are beginning the process of surveying the market to form listing standards and rules for our national market system exchange. Once our national market system exchange is operational, we will use feedback from the marketplace to incorporate into new listing rules and standards. 

Please fill out the form below to be kept abreast of all news related to this milestone. 

What types of companies will Dreamx’s National Market System Exchange list?

Dream Exchange will focus on expanding listings in the national market system to include smaller companies with a concentration on underserved markets especially those with innovative products and services. 

Our listing platform will align with our Company’s goals: to help capital formation for companies with products that increase our ability to survive and flourish on our planet. 

Please fill out the form below to be kept abreast of all news related to this milestone. 

How do I list my company on the Dream Exchange?

Dream Exchange is not currently operational as a stock exchange. We will be issuing more information about this process. 

Please fill out the form below to be kept abreast of all news related to this milestone. 

What is the difference between a venture exchange and a national market system stock exchange?

A venture exchange is a brand-new type of stock exchange that is currently pending legislation in the U.S. Congress. Once created, venture exchanges will expand the auction style stock exchange environment to small-to-mid sized companies, providing access to investment, liquidity, transparency, and improved regulation in this new marketplace. 

When will the venture exchange be open?

In order to create the first venture exchange, a new piece of legislation called the Main Street Growth Act must be passed. Once enacted, the Main Street Growth Act will allow for venture exchanges to exist. 

How do I invest in companies on the Dreamx Venture Exchange?

Dream Exchange is not currently operational as a venture exchange. More information about the process to begin investing in listed companies on our venture exchange will be published after the Main Street Growth Act is passed, and we are licensed. 

Please fill out the form below to be notified about milestones in our progress toward opening. 

What is the difference between a venture exchange and a national market system stock exchange?

A venture exchange is a brand-new type of stock exchange that is currently pending legislation in the U.S. Congress. Once created, venture exchanges will expand the auction style stock exchange environment to small-to-mid sized companies, providing access to investment, liquidity, transparency, and improved regulation in this new marketplace. 

When will the venture exchange be open?

In order to create the first venture exchange, a new piece of legislation called the Main Street Growth Act must be passed. Once enacted, the Main Street Growth Act will allow for venture exchanges to exist. 

How do I list my company on the venture exchange

Dream Exchange is not currently operational as a stock exchange. Once the Main Street Growth Act passes and we apply for and acquire a license to operate a venture exchange, we will be issuing more information about this process. 

Please fill out the form below to be kept abreast of all news related to this milestone.