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The New York Stock Exchange (NYSE) announced plans today to establish its first regional exchange, NYSE Texas, by reincorporating its Chicago exchange in Dallas.
The move comes as Texas leads all US states in NYSE-listed companies, with those firms representing a combined market value of more than USD 3.7 trillion.
In the last 12 months, several major tech companies have relocated their headquarters or expanded their operations to Texas, continuing the state's trend of attracting businesses due to its favourable tax policies, business-friendly environment, and lower costs. Here's a list of notable moves:
Meta (formerly Facebook): In January 2025, Meta announced the relocation of its content moderation teams to Austin, Texas, as part of a broader investment in the state
E2open: This cloud-based supply chain software company moved its headquarters from Austin to Addison (Dallas-Fort Worth metroplex) in late 2024
ABBYY: An AI-focused data processing company relocated its headquarters from Silicon Valley to Austin in October 2024
X (formerly Twitter) and SpaceX: Elon Musk announced in August 2024 that both companies would move their headquarters from California to Texas, further solidifying his companies' presence in the state
ZT Systems: This global leader in advanced server solutions expanded its operations to Georgetown, Texas (near Austin), with a new manufacturing site expected to employ 1,500 people in 20241
Tesla: While Tesla's headquarters had already moved to Austin earlier, the company announced a $775.7 million expansion of its Gigafactory in Austin in 2024, including new facilities for battery cell testing and manufacturing
"As the state with the largest number of NYSE listings, representing over USD 3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere," said Lynn Martin, President of NYSE Group.
The fully electronic equities exchange will offer securities listing services to both Texas-incorporated companies and international firms attracted by the state's growing population and regulatory environment.
The development marks a significant expansion of the NYSE's geographical footprint beyond its traditional New York base, where it has operated for 230 years. The exchange plans to submit regulatory and corporate filings for the reincorporation of NYSE Chicago as NYSE Texas.
The NYSE is part of Intercontinental Exchange Inc. (NYSE: ICE), a Fortune 500 financial technology and market infrastructure provider that operates multiple exchanges and clearing houses globally.
The timeline for the launch will depend on regulatory approval of the exchange's filings.
