New York Stock Exchange relocates Chicago branch to Dallas as Texas financial market expands
The New York Stock Exchange is moving its Chicago branch to Dallas, Texas, and will be renamed NYSE Texas. This decision comes as the Texas Stock Exchange prepares to launch this spring and Nasdaq expands in North Texas. NYSE Texas will be a fully electronic equities exchange, pending regulatory approvals. Texas has the most NYSE listings, valued at over $3.7 trillion, highlighting its importance in the U.S. economy. Governor Greg Abbott expressed support for the move, stating it will enhance Texas's status as a financial hub. The Texas Stock Exchange has secured over $135 million in funding and includes notable board members.