Key Takeaways
- The NYSE said it plans to bring an electronic securities exchange to Dallas.
- NYSE Chicago is expected to be reincorporated as NYSE Texas.
- The announcement comes after the Texas Stock Exchange recently filed with the SEC to launch trading in 2026.
The New York Stock Exchange (NYSE) is bringing a securities exchange to the Lone Star State.
NYSE Chicago is expected to move to Dallas and be reincorporated as NYSE Texas, NYSE operator Intercontinental Exchange (ICE) said Wednesday. The release said the NYSE plans to make the necessary filings “in the near term.”
Texas has the most NYSE listings of any state, representing more than $3.7 trillion of market value, NYSE Group President Lynn Martin said. The relocation is meant to “provide public companies with a listing and trading venue centered within the vibrant economy of the southwestern U.S.,” the release said.
The fully electronic NYSE Chicago was founded as the Chicago Stock Exchange in 1882 and acquired by Intercontinental Exchange in 2018.
The move comes after the Texas Stock Exchange, operated by TXSE Group, filed with the Securities and Exchange Commission (SEC) late last month to operate as a national securities exchange. If approved, the group “intends to launch trading in early 2026, with listings by the end of the same year.”
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