The New York Stock Exchange (NYSE) announced the upcoming launch of an exchange in Texas, termed NYSE Texas, in response to an increasing trend of companies relocating to the state for its favorable regulatory environment. With the Texas Stock Exchange (TXSE) aiming for a 2026 launch, key industry players like BlackRock and Citadel Securities are backing it. This move poses a challenge to the long-standing duopoly of the NYSE and Nasdaq in the U.S. listings market, highlighting Texas's growing influence as a pro-business location.
As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere.
We have known all along that Texas is the best place to do business. The Texas Stock Exchange is harnessing this momentum to build a national securities exchange in our home state.
The NYSE's initiative shows that a regional focus may not be enough of a competitive distinction that will allow the Texas Stock Exchange to challenge the two incumbents.
The TXSE would represent the first challenge to that dominance if it wins regulatory approval to begin trading and seeking new listings.
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