New York Stock Exchange to open NYSE Texas

The New York Stock Exchange (NYSE) has announced plans to close the NYSE Chicago exchange, rename it and launch it as NYSE Texas, to be headquartered in Dallas.

The Intercontinental Exchange is the parent company for the NYSE which is an American stock exchange operating from New York City’s financial district. According to the Chicago Sun Times:



"What remains of the Chicago Stock Exchange will be history. The New York Stock Exchange owns what’s left of the equities marketplace and has announced it will move it to Dallas and reincorporate it as the NYSE Texas."




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A news release explained that once NYSE Texas is launched, the electronic equities exchange will provide a listing and trading venue for companies centered on the economy of the Southwest United States. Lynn Martin, NYSE Group president, explained that Texas has the largest number of NYSE listings and that the state is a market leader when it comes to fostering a pro-business atmosphere. Texas companies account for a market value of $3.7 trillion in NYSE listings.

Five months ago, NASDAQ announced that in 2026 it would launch the Texas Stock Exchange in Dallas, on condition of receiving the go ahead from the U.S. Securities and Exchange Commission.

Operating electronically, both the NYSE and Texas Stock Exchange will trade stocks across multiple venues notwithstanding where they were listed first.