The New York Stock Exchange (NYSE) is rebranding its Chicago branch as NYSE Texas and moving it to Dallas, a move expected to boost competition in the US securities market. The decision comes as companies like BlackRock and Citadel Securities are backing the launch of the Texas Stock Exchange (TXSE), which aims to lower listing costs while raising standards.
The TXSE, set to launch early 2026, has already secured $161 million in funding and filed for US Securities and Exchange Commission approval. Its goal is to bring competition back to markets and reincentivize companies to go public.
NYSE president Lynn Martin welcomed the development, saying Texas is a “market leader” that’s driving the US economy forward. The move follows similar announcements by Nasdaq, which has launched a new regional management division in nearby Irving. Texas Governor Greg Abbott also expressed excitement, calling the state an “economic powerhouse on the global stage.”
Source: https://www.dallasnews.com/business/2025/02/12/nyse-comes-to-dallas-with-rebranded-branch-as-texas-stock-exchange-eyes-launch