DALLAS – The New York Stock Exchange (NYSE), a division of Intercontinental Exchange, Inc. (NYSE: ICE), has announced plans to launch NYSE Texas, a fully electronic equities exchange based in Dallas.
Texas, which is home to more NYSE-listed companies than any other U.S. state, will now provide these businesses with a new option to list their stocks within the Lone Star State.
Earlier this week, Governor Greg Abbott met with Jeffrey Sprecher, Founder, Chairman, and CEO of NYSE: ICE, and Lynn Martin, President of NYSE Group, to discuss the upcoming launch of NYSE Texas.
A New Era for Texas Finance
Governor Abbott expressed his excitement for the project, stating, “Texas is the most powerful economy in the nation, and with the launch of NYSE Texas, we will solidify our position as the financial capital of America. This milestone will enhance our financial influence domestically and globally, making Texas an even greater economic powerhouse. I thank the New York Stock Exchange for selecting Texas, and together we will continue to foster policies that empower businesses and drive our state to new heights of prosperity.”
Lynn Martin echoed these sentiments, highlighting Texas’s prominent role in the business landscape: “As the state with the largest number of NYSE-listed companies—representing over $3.7 trillion in market value—Texas leads in creating a business-friendly environment. We are thrilled to expand our presence in the state, which plays a critical role in advancing the U.S. economy.”
A Strategic Expansion
The NYSE, part of the Intercontinental Exchange, follows a strategic path with this expansion. NYSE Texas will cater to both companies incorporated in Texas and global firms drawn to the state’s robust economy, growing population, and business-friendly regulatory environment.
Previously, ICE acquired the Chicago Stock Exchange in 2018, which is now known as NYSE Chicago, further enhancing its footprint in the U.S. financial sector.
A Rising Competitor
The announcement of NYSE Texas also comes amid growing competition within the state. Last month, TXSE Group revealed it had filed for registration of the Texas Stock Exchange with the U.S. Securities and Exchange Commission (SEC). Pending approval, TXSE intends to begin trading in early 2026, with listings expected later that year.
TXSE Group recently closed an initial capital raise of $161 million, positioning itself as the most well-capitalized exchange to ever file a Form 1. This Texas-based private market stock exchange aims to offer traders a competitive alternative to the NYSE and Nasdaq.
As Texas continues to establish itself as a major financial hub, the expansion of trading options in the state marks an exciting new chapter for both the state’s economic growth and the broader U.S. financial landscape.