New York Stock Exchange (NYSE), part of the Intercontinental Exchange (ICE), announced its plans to launch NYSE Texas with its headquarters to be based in Dallas.
After acquiring the Chicago Stock Exchange in 2018, NYSE ICE has decided to move NYSE Chicago it to Texas, relaunching as NYSE Texas, providing an alternative for traders to Nasdaq and New York Stock Exchange.
“With this launch, NYSE Texas will deliver a listing exchange to companies incorporated both in Texas and around the world that are attracted to Texas’ growing population, strong economy and business-friendly regulatory agenda,” ICE officials stated.
This past Monday, Texas governor Greg Abbott discussed the launch in a meeting with NYSE: ICE founder, CEO, and chairman Jeffrey Sprecher NYSE group president Lynn Martin. Here Abbott expressed gratitude for NYSE selecting Texas, promising advancement in prosperous economic policies.
“Texas is the most powerful economy in the nation, and now we will become the financial capital of America,” Abbott said. “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.”
“I thank the New York Stock Exchange for choosing Texas. Working together, we will continue to advance pro-growth economic policies that allow entrepreneurs and businesses to thrive and will make Texas stronger and more prosperous than ever in the history of our great state.”
In the meeting, Martin noted Texas’s pro-business atmosphere pointing out that the state is the largest holder of NYSE-listed companies and over $3.7 trillion in market value.
NYSE Texas won’t be the only game in town. This past month, Texas Stock Exchange (TXSE) filed for registration with the Securities and Exchange Commission. Pending approval, TXSE will launch early 2026.