New York Stock Exchange is launching an exchange in Texas

The New York Stock Exchange has its eyes on Texas. The major global provider of technology and data has announced that it will open NYSE Texas, a fully electronic stock exchange with its main office in Dallas, Texas. The Texas NYSE will allow companies to list their securities. 

Lynn Martin, NYSE Group president, said in the release, “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.” 

According to the exchange, public companies will have a place to list and trade their stocks in the economy of the southwestern US. Companies based in Texas or around the world that are interested in Texas’s rising population, strong economy, and business-friendly regulatory agenda will be able to use NYSE Texas as a listing exchange.

The NYSE plans to file with regulators and the government soon to start the reincorporation process.

The decision is made in response to the emergence of a potential competitor to NYSE in Texas. Last month, TXSE Group disclosed that it had submitted an application to the Securities and Exchange Commission to register the Texas Stock Exchange (TXSE). The new venture is backed by financial giants, including BlackRock Citadel Securities and Charles Schwab.

TXSE Group has announced that it has raised $161 million and plans to commence trading in early 2026.

Texas has emerged as a home of large companies. It is now competing with Delaware in terms of the legal residence of large corporations. Tesla reincorporated in Texas last year following a legal dispute in Delaware court regarding CEO Elon Musk’s compensation. According to reports, Meta Platforms was contemplating a comparable course of action.

Texas Governor Abbott Celebrates the Launch of NYSE Texas.

Governor Greg Abbott today celebrated the announcement of the New York Stock Exchange plans to launch NYSE Texas.

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

He said, “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 might in the United States and cement our great state as an economic powerhouse on the global stage.

He added, “ 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.”

Texas is one of several states that have fought back against Wall Street companies’ environmental, social, and governance (ESG) rules. Last year,  Abbott said that rules about ESG were one reason for having an exchange in Texas.

He said, “We need to make sure that Texas companies and companies similarly situated are not going to be cut off from capital markets in New York with policy decisions made from the left in places like New York.” A year later, this is paying off.

In efforts to strengthen its financial security and encourage community investment, Texas has also welcomed ideas of a Bitcoin reserve. The NYSE Texas comes after the state’s advancement plans for a strategic bitcoin reserve to reinforce its role in digital asset innovation.

Meanwhile, Abbott is fastening policies for the good of Texas. According to reports, he has made property tax relief an emergency item for the state’s legislative session. The goal of lowering property taxes moved forward when a new plan was widely approved by a Texas Senate committee.

Sen. Paul Bettencourt (R-Houston) wrote the bill that wants to raise the state’s property exemption from $100,000 to $140,000. He said, “That does provide a huge savings of $363 for the average homestand.” The bill will now be looked at by the whole Senate.

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