The New York Stock Exchange (NYSE) revealed on Wednesday that it will relocate its Chicago branch to Texas, rebranding it as NYSE Texas and moving its operations to Dallas.
As the Texas Stock Exchange (TXSE) gains momentum and Nasdaq expands its presence in the state, Dallas is set to see whether “Y’all Street” can accommodate three major players in the financial market.
The timeline for the NYSE’s transition to a “fully electronic” Texas equity market will depend on regulatory approvals, the exchange stated. This move comes amid an increasing number of companies flocking to Texas, drawn by its favorable tax environment and business-friendly regulations.
Lynn Martin, President of NYSE Group, commented, “As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere. We’re excited to expand our presence in the Lone Star State, which plays a crucial role in driving the U.S. economy forward.”
For decades, the NYSE and Nasdaq have dominated the U.S. securities market, but both now face a rising competitor in the TXSE, a Dallas-based startup.
The TXSE has secured $161 million in initial funding from major players like BlackRock and Citadel Securities, with plans to launch in early 2026. Last month, it filed for approval from the U.S. Securities and Exchange Commission (SEC).
The TXSE aims to reduce listing costs while raising standards for eligibility, hoping to incentivize more companies to go public while benefiting from Texas’ thriving business community.
Additionally, Nasdaq recently announced the formation of a new regional management division in nearby Irving, just months after TXSE CEO James Lee revealed that he had raised over $100 million in capital.
Governor Greg Abbott declared, “Texas is the most powerful economy in the nation, and now we will become the financial capital of America. With the launch of NYSE Texas, we will expand our financial influence across the U.S. and solidify our state’s position as a global economic powerhouse.”
