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The New York Stock Exchange (NYSE) Texas, “Full Electronic Arrows”, coming to Dallas.
This announcement came on Wednesday, and stated that Nyse Chicago “will reactivate in Texas and Nyse Texas” and providing companies with a new place to list their financial papers.
Many prominent companies, including Elon Musk Tesla and Spacex, its headquarters, transferred to Texas, which was attracted by the legal and organizational environment for the state.
“As a country with the largest number of NYSE lists, which represents more than $ 3.7 trillion in the market value of our community, Texas is a pioneer in the market Lin Martin, head of the New York Stock Exchange Group, said in a statement in a statement:
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Traders work on the New York Stock Exchange (NYSE) at the opening bell in New York City on February 12, 2025. (Angela Weiss / AFP / Getty Images)
“We are pleased to expand our presence in the state of Lun Star, which plays a major role in pushing the American economy forward,” Martin continued.
Texas Governor Greg Abbott met with the leaders of the New York Stock Exchange on Monday to discuss the launch, The local Fox 4 mentioned.
“With the launch of Nyse Texas, we will expand our financial strength in the United States and weaken our great condition as an economic power on the global stage,” Abbott said, According to Fox 4.
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Texas Governor Greg Abbott, who previously appeared on Fox Business, responded to this step to bring Nyse Texas to Dallas. (Fox Business / Fox News)
There is already a possible competitor in business, as it targets the Texas Exchange (TXSE), a new project supported by financial giants including Blackrock, Citadel Securities, and Carles Schwab, at all 2026 after submitting the papers late last month to work last month to run as a national. Securities exchange, Reuters reported.
It will also be an entire electronic shares exchange of its main headquarters in Dallas.
| index | protection | last | Changing | % Change |
|---|---|---|---|---|
| Timing | Tesla Inc. | 336.51 | +8.01 |
+2.44 % |
Tesla Gigafactory in Austin, Texas, the United States, said on Thursday, June 23, 2022. Lin Martin, President of the NYSE group, said Texas is the country that has the largest number of New York Stock Exchange lists. (Jordan Vonderhaar / Bloomberg / Getty Images)
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A TXSE spokesman said in a statement obtained by Reuters after the news. “Exchanging shares in Texas harnesses this momentum to build a national stock exchange in our mother condition.”
Reuters contributed to this report.
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