The New York Stock Exchange (NYSE) is set to launch an equities exchange in Dallas, Texas, as the state continues its appeal to corporate America. The move comes amidst growing interest in business-friendly policies and a favorable regulatory environment.
The NYSE will operate fully electronically, providing a platform for listing and trading securities. This reincorporation of NYSE Chicago in Texas marks the state’s status as a market leader in fostering pro-business conditions.
Meanwhile, TXSE Group has also announced plans to launch its own stock exchange in Dallas, backed by investments from prominent firms like BlackRock and Charles Schwab. Texas Governor Greg Abbott cited ESG regulations as a motivation for creating these exchanges, aiming to ensure that companies are not restricted from accessing capital markets.
The trend towards Texas is driven by companies seeking more business-friendly environments, with several organizations, including Tesla and Meta, exploring reincorporation in the state. The move reflects growing dissatisfaction with regulatory policies in other states, such as Delaware.
While the NYSE and Nasdaq remain dominant players, the emergence of new exchanges may bring about significant changes to the industry landscape.
Source: https://www.axios.com/2025/02/12/nyse-texas-dallas-stock-exchange