NYSE Plans to Establish Securities Exchange in Dallas
Key Takeaways
* NYSE announces plans to create an electronic securities exchange in Dallas.
* NYSE Chicago will be renamed NYSE Texas and relocated to Dallas.
* The move follows the Texas Stock Exchange's recent SEC filing to launch trading in 2026.
New York Stock Exchange Expansion to Texas
The New York Stock Exchange (NYSE) is expanding its presence by establishing a securities exchange in Texas. NYSE Chicago, currently operating in Chicago, will be reincorporated as NYSE Texas and relocated to Dallas, according to an announcement by NYSE operator Intercontinental Exchange (ICE).
NYSE plans to submit the necessary filings shortly. Texas boasts the highest number of NYSE listings among all states, representing over $3.7 trillion in market value, as noted by NYSE Group President Lynn Martin. The relocation aims to "provide public companies with a listing and trading venue centered within the vibrant economy of the southwestern U.S."
NYSE Chicago, an all-electronic exchange, was initially founded as the Chicago Stock Exchange in 1882 and acquired by Intercontinental Exchange in 2018.
Competition from Texas Stock Exchange
The NYSE move comes amidst a competitive landscape, with the Texas Stock Exchange (TXSE) having recently filed with the Securities and Exchange Commission (SEC) to operate as a national securities exchange. If approved, TXSE plans to launch trading in early 2026 and list companies by the end of the same year.