The New York Stock Exchange (NYSE) plans to launch a new electronic equities exchange called NYSE Texas, which will be headquartered in Dallas. This move is seen as an effort by the state of Texas to solidify its position as a major economic hub.
Texas is home to more NYSE-listed companies than any other US state, and this new exchange will give these companies an option to list their stocks in the Lone Star State. The launch was announced during a meeting between Governor Abbott, NYSE Founder and CEO Jeffrey Sprecher, and NYSE Group President Lynn Martin.
Governor Abbott expressed his excitement about the launch, stating that Texas is now poised to become the financial capital of America. He also highlighted the state’s strong economy and business-friendly regulatory agenda as key factors in attracting companies to list their stocks on the new exchange.
NYSE officials say that NYSE Texas will cater to companies incorporated both in Texas and around the world, taking advantage of the state’s growing population and economic strength. The launch comes at a time when a potential competitor, TXSE Group, is also emerging in the state. TXSE aims to launch trading in 2026 and has secured $161 million in funding.
This development marks an important milestone for Texas as it seeks to establish itself as a major player in the global financial industry. With NYSE Texas set to join forces with existing exchanges like Nasdaq, companies based in Texas will now have more options to list their stocks and access capital.
Source: https://www.fox4news.com/news/nyse-texas-dallas-headquarters