New York Stock Exchange Announces Expansion Into Texas

[Elderberry]

Texas Scorecard by Will Biagini February 13, 2025

Gov. Greg Abbott said that Texas is set to become the financial capital of the United States.

The New York Stock Exchange has announced its plans to launch NYSE Texas, a fully electronic stock exchange based in Dallas.

NYSE is a part of the Intercontinental Exchange, Inc. (NYSE: ICE). On Wednesday, it announced that its Texas branch will be a rebranding and reincorporation of NYSE Chicago.

According to the Tax Foundation, Texas currently ranks seventh in how well states’ tax policies encourage economic growth by lifting cumbersome regulations on businesses.

This is reinforced by the fact that over the past year, major companies have relocated from other states to Texas—including both Tesla and X.

More: https://texasscorecard.com/state/new-york-stock-exchange-announces-expansion-into-texas/

[Elderberry]

NYSE Chicago Moving To Dallas

Lawrence Person's BattleSwarm Blog

The New York Stock Exchange Company is moving operations for the Chicago Stock Exchange (which it’s owned since 2018) to Dallas.

    The Lone Star State has long been a magnet for capital investment, and recent developments regarding the establishment of not one, but two Texas-based stock exchanges seek to increase that momentum.

    The Texas Stock Exchange (TXSE), set to be based in Dallas, was announced in June last year on the principle that “Texas and the other states in the southeast quadrant have become economic powerhouses,” according to TXSE founder James Lee.

    “Combined with the demand we are seeing from investors and corporations for expanded alternatives to trade and list equities, this is an opportune time to build a major, national stock exchange in Texas.”

    The first step to full incorporation was taken in January when registration forms were filed with the Securities and Exchange Commission — after $161 million in initial capital was raised by the TXSE group.

More: https://www.battleswarmblog.com/?p=63040

[dfwgator]

Y'all Street