The Texas Stock Exchange made waves when it debuted in June 2024 with $120 million in backing from financial giants like BlackRock and Citadel Securities. Apparently, the impact was so strong that the New York Stock Exchange and Nasdaq ― who have long held a duopoly over the U.

The New York Stock Exchange will reincorporate its Chicago branch in Texas, it announced on Wednesday, rebranding it as NYSE Texas and moving to Dallas. With the upstart Texas Stock Exchange taking shape and the Nasdaq expanding its reach in the Lone Star State,

NYSE will launch its Texas exchange by reincorporating and renaming NYSE Chicago. Intercontinental Exchange Inc., NYSE's parent company, acquired the Chicago Stock Exchange in 2018 and rebranded it as NYSE Chicago in February 2019.

NYSE joins Nasdaq — the other largest exchange in the world — in planning Texas branches in the wake of the announced Texas Stock Exchange.

Texas has in recent years become a major attractor of companies looking to relocate – and soon it will also become home to the "fully electronic equities change" NYSE Texas in Dallas.

In a move that serves to counter the planned launch of the Texas Stock Exchange, the NYSE said it will reincorporate NYSE Chicago in Texas and rename it NYSE Texas, with headquarters in Dallas. The news set both Wall Street and Y'all Street buzzing,

The Chicago Stock Exchange, acquired by NYSE in 2018, has operated as an electronic trading platform. Its physical location at 440 South LaSalle Street in Chicago is part of a 40-story tower with significant vacancy.

The New York Stock Exchange announced plans Wednesday to establish a presence in Texas, marking a shift in America’s financial landscape as major companies increasingly gravitate toward the Lone Star State.

NYSE said it will reincorporate its NYSE Chicago operations in Texas and will launch the fully electronic exchange in Dallas, pending regulatory filings.

(AP Photo/Seth Wenig)(Seth Wenig / AP) The New York Stock Exchange will reincorporate its Chicago branch in Texas, it announced on Wednesday, rebranding it as NYSE Texas and moving to Dallas.

Make that two stock exchanges coming to Dallas. The New York Stock Exchange announced on Feb. 12 plans to launch a fully electronic equities exchange headquartered in Dallas called NYSE Texas.

The TXSE and its backers have clearly “rattled NYSE and NASDAQ,” said Kirti Sinha, a University of Texas at Dallas assistant professor of accounting. “If you look at other stock exchanges ...