This morning, the New York Stock Exchange announced plans to launch NYSE Texas, a fully electronic equities exchange headquartered in Dallas.
It's @KristenScholer with the Market Update. pic.twitter.com/3hsy1uSNag— NYSE 🏛 (@NYSE) February 12, 2025
The New York Stock Exchange (NYSE) is expanding its presence with the launch of NYSE Texas, a fully electronic equities exchange to be based in Dallas. NYSE Chicago will reincorporate in Texas and be renamed NYSE Texas, providing companies with a new venue to list their securities. Texas continues to attract high-profile firms like Tesla and SpaceX, drawn by the state’s favorable legal and regulatory environment.
NYSE Launches NYSE Texas, a fully electronic equities exchange, headquartered in Dallas, Texas. Read more here.
— NYSE 🏛 (@NYSE) February 12, 2025
Lynn Martin, president of NYSE Group, emphasized Texas’ pro-business atmosphere and its significant number of NYSE listings, representing over $3.7 trillion in market value. “We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward,” Martin said. Texas Governor Greg Abbott met with NYSE leaders to discuss the launch.
BIG news!
The @NYSE is launching NYSE Texas, a fully electronic equities exchange, headquartered in Dallas.
Texas will be the financial capital of America.
More: https://t.co/eycoRDcENq pic.twitter.com/xA3FLm9tuw
— Gov. Greg Abbott (@GovAbbott) February 12, 2025
“With the launch of NYSE Texas, we will expand our financial might in the United States and cement our great state as an economic powerhouse on the global stage,” Abbott said. NYSE Texas may soon face competition. The Texas Stock Exchange (TXSE), supported by financial giants including BlackRock, Citadel Securities, and Charles Schwab, is aiming for a 2026 launch.
BIG NEWS for Texas today! @NYSE is launching NYSE Texas in Dallas.
This will cement Texas' position as a national and global economic powerhouse.
Texas will be the financial capital of America. pic.twitter.com/axws5PxYl7
— Greg Abbott (@GregAbbott_TX) February 12, 2025
NYSE Texas strengthens financial hub
TXSE has already submitted paperwork to operate as a national securities exchange and will also be headquartered in Dallas. “We have known all along that Texas is the best place to do business,” a TXSE spokesperson said in a statement.
“The Texas Stock Exchange is harnessing this momentum to build a national securities exchange in our home state.”
Adam Gersting, managing partner and Dallas office lead of West Monroe, remarked on the significance of this development. “It’s exciting news because it further accelerates our business growth here in Texas and in Dallas in particular,” Gersting said. “It solidifies Dallas as a major financial hub, not just locally and nationally, but globally.”
Kirti Sinha, an assistant professor of accounting at the University of Texas Dallas, noted that the move was expected given NASDAQ Inc.’s expansion to Irving last year.
She pointed out that having stock exchanges in North Texas would provide more opportunities for companies in the region to list their securities and go public. “Having an office locally will make a difference,” Sinha said. “It’s literally a signal to companies that, ‘We are here for you.'”
Sinha also highlighted the potential for job creation.
“Every time a stock exchange comes in, you will see direct jobs are going up, but indirect jobs will significantly increase as well.”
The establishment of NYSE Texas is expected to begin trading in 2026, pending approval from the U.S. Securities and Exchange Commission. The expansion of financial exchanges in Texas is set to strengthen the state’s position as a key economic driver in the United States.
