Nicknamed ‘Y’all Street for New York City’s Wall Street, home to the New York Stock Exchange (NYSE) and Nasdaq, the exchange has gathered a minimum of $275 million in investments from approximately 90 financial backers. Moreover, it claims the distinction on its website to being the most well-capitalized equities exchange that the U.S. Securities and Exchange Commission has ever approved.
The Wall Street Journal has labeled North Texas the second biggest financial hub in the country after New York City. In fact, Nasdaq has enlarged its Dallas presence and NYSE has launched its NYSE Texas based in Dallas.
The Texas Association of Business Senior Vice President and CPO Gabriela von zur Muehlen told The Texas Tribune:
“A homegrown national exchange means more jobs, more investment, and more growth opportunities for businesses and communities across the Lone Star State.”
Adding to the perception of DFW’s as a financial powerhouse will be the 800,000-square-foot Goldman Sachs corporate campus that is to be built in proximity to the American Airlines Center. The new campus, the largest Goldman Sachs’ office outside of New York City, is expected to open in 2028 with an onsite workforce of over 5,000 employees.