NYSE Launches Texas-Based Stock Exchange, Challenging Wall Street’s Dominance

NYSE Texas will serve as a new listing venue for companies incorporated in Texas and around the world.

The New York Stock Exchange building in New York City, on Sept. 27, 2022. Mary Altaffer/AP Photo

The New York Stock Exchange (NYSE) has announced plans to launch NYSE Texas, a fully electronic equities exchange based in Dallas, a move that state officials say will help position Texas as the “financial capital of America.”

Under the plan, NYSE Chicago will be reincorporated and rebranded as NYSE Texas, providing companies with a new option for listing their securities in the Lone Star State, according to a Feb. 12 announcement by Intercontinental Exchange, Inc., the NYSE’s parent company.