Article

2025-02-14 Economy

New York Stock Exchange plans exchange in 'pro-business' Texas

[FoxBusinessNews] New York Stock Exchange (NYSE) Texas, "a fully electronic equities exchange," is coming to Dallas.

The announcement came Wednesday, and stated the NYSE Chicago "will reincorporate in Texas and be renamed NYSE Texas," providing companies with a new venue to list their securities.

Several high-profile firms, including Elon Musk's Tesla, and SpaceX, have relocated their headquarters to Texas, attracted by the state's perceived favorable legal and regulatory environment.

"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," Lynn Martin, president of NYSE Group, said in a statement.

A potential competitor is already in the works, as the Texas Stock Exchange (TXSE), a new venture backed by financial giants including BlackRock, Citadel Securities and Charles Schwab, is targeting a 2026 launch after submitting paperwork late last month to operate as a national securities exchange, Reuters reported.

It will also be a fully electronic equity exchange headquartered in Dallas.

Posted by Skidmark 2025-02-14 00:00|| || Front Page|| [11149 views ] Top

#1 First step involved in fleeing a dying New York City.

Posted by Glusomp Spealet4328 2025-02-14 05:52|| 2025-02-14 05:52|| Front Page Top

#2 Businesses are relocating their incorporation from Delaware to Texas as well.

Posted by Procopius2k 2025-02-14 07:11|| 2025-02-14 07:11|| Front Page Top

#3 Gotta wonder if Letitia James' persecution of Trump has any bearing on this, besides the economic benefits of Texas Taxes? If that bitch and Alvin Bragg can do it to Trump, they can do it to anybody.

Posted by Frank G 2025-02-14 07:23|| 2025-02-14 07:23|| Front Page Top

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