The world’s two largest stock exchanges have announced plans to open hubs in North Texas. Here’s what to know.
DALLAS — Two New York financial giants have announced plans to open hubs in North Texas just within the last year.
Nasdaq Tuesday announced plans to open a new regional headquarters in Dallas, just over a month after the New York Stock Exchange announced it was reincorporating its Chicago branch in Dallas as NYSE Texas.
The announcements mean the world’s two largest stock exchanges are coming to North Texas, making Dallas a new financial hub – a new Y’all Street if you will.
They’ll be competing with a new upstart Texas Stock Exchange set to launch this spring.
Here’s what to know about the stock exchange operators making moves in DFW.
Texas Stock Exchange
The startup vision of a long-planned Dallas-based national stock exchange was the first to announce its plans and is set to launch this spring.
It’s expected to start in a temporary home in Weir’s Plaza in the Knox-Henderson district before opening in a permanent spot in Dallas. It will provide a venue to trade and list public companies – particularly from the southeast region of the country — and exchange-traded products.
The Texas Stock Exchange will focus on attracting companies in the southeastern U.S. to its roster, including those from Texas, Oklahoma, Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina and Tennessee.
The Texas Stock Exchange has gotten more than $161 million in initial backing and their board includes former Texas Gov. Rick Perry, who was also U.S. Energy Secretary, and leaders from Blackrock and Citadel Securities.
Nasdaq
Before revealing its plans for a new Dallas-based regional headquarters, the New York-based stock exchange operator last September announced plans to open one of its three new regional listings divisions nearby in Irving.
The stock exchange, touted as the world’s first global electronic marketplace according to robinhood.com, was launched in New York in 1971. It’s also a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the broader financial system.
Nasdaq is home to more than 200 listed companies headquartered in the state, representing $1.98 trillion in market capitalization as of December 2024, according to a press release.
New York Stock Exchange
The largest stock exchange in the world, based on Wall Street in New York, has a long history, that according to their website, goes back to the early days of America and an agreement signed by 24 stockbrokers in 1792.
It introduced the stock ticker in 1867 and the familiar bell signaling the opening and closing of trading for the day was first used in 1870, according to their website.
Currently, Texas is the state with the largest number of NYSE listings, representing $3.7 trillion in market value, according to a press release.
The NYSE last month announced it’s planning to launch NYSE Texas, a fully electronic equities exchange, in Dallas.
