The panelists “The Claman Countdown” Bankim Chadha and Scott Redler analyze the market metrics.
The New York Stock Exchange (NYSE) Texas, “an entirely electronic share exchange”, arrives in Dallas.
The announcement came on Wednesday and said that the Nyse Chicago “will reintegrate in Texas and will be renamed Nyse Texas”, offering companies a new place to list their titles.
Several high -level companies, including Tesla d’Elon Musk, and SpaceX, have moved their head office to Texas, attracted by the favorable legal and regulatory environment of the State.
“As the State with the greatest number of lists of NYSE, representing more than 3.7 billions of dollars of market value for our community, Texas is a market leader in the promotion of a pro-business atmosphere “Said Lynn Martin, president of Nyse Group, in a press release.
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Traders work on the New York Stock Exchange Prosecutor’s Office (NYSE) at the New York opening bell on February 12, 2025. (Angela Weiss / AFP / Getty Images)
“We are delighted to expand our presence in the Lone Star State, which plays a key role in the conduct of our American economy forward,” continued Martin.
The Governor of Texas, Greg Abbott, met Nyse leaders on Monday to discuss the launch, Fox 4 reported.
“With the launch of Nyse Texas, we will expand our financial power in the United States and cement our great state as an economic power on the world scene”, ” Abbott said, According to Fox 4.
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The Governor of Texas, Greg Abbott, who appeared before on Fox Business, responded to the decision to bring Nyse Texas to Dallas. (Fox Business / Fox News)
A potential competitor is already in preparation, because the Texas Stock Exchange (TXSE), a new company supported by financial giants, notably Blackrock, Citadel Securities and Charles Schwab, aims at a launch in 2026 after submitting documents at the end of the month Last to operate as the National Exchange of securities, Reuters reported.
It will also be an entirely electronic exchange of actions whose head office will be based in Dallas.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Tsla | Tesla inc. | 336.51 | +8.01 |
+ 2.44% |
The Tesla Gigafactory in Austin, Texas, United States, on Thursday, June 23, 2022. The president of the Nyse group, Lynn Martin, said that Texas was the state with the greatest number of lists of NYSE. (Jordan Vonderhaar / Bloomberg / Getty Images)
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“We always know that Texas is the best place to do business,” said a spokesperson for the TXSE in a statement obtained by Reuters after the news. “The Texas Stock Exchange operates this momentum to build a national securities scholarship in our country of origin.”
Reuters contributed to this report.
