A person walks past the New York Stock Exchange in Wall Street in New York on 3 February 2025.
Angela Weiss | AFP | Getty images
The New York Stock Exchange will soon be present in Texas to meet the growing number of companies looking for a home base in the corporate friendly state.
De Nyse announced on Wednesday that one of his electronic stock markets, NYSE Chicago, will again record in Texas and renamed NYSE Texas, giving companies an option to mention their shares in the Lone Star State.
“If the state with the largest number of NYSE lists, which represent more than $ 3.7 trillion in market value for our community, Texas is a market leader in promoting a pro-business atmosphere,” said Lynn Martin, president of NYSE Group, in a release.
NYSE is part of Intercontinental exchange. Nyse Chicago was previously the Chicago Stock Exchange, which was taken over by ICE in 2018.
The move comes as a potential competitor of NYSE stands up in Texas. Last month, TXSE Group announced that it had submitted to registration of the Texas Stock Exchange With the Securities and Exchange Commission. Txse Group said it collected $ 161 million and is planning to launch trade in early 2026.
Gov. Greg Abbott from Texas told CNBC last year that rules related to the environment, social and administration, or ESG, was a motivation to have an exchange -based exchange. Texas is one of the many states that have been reduced against ESG rules of Wall Street companies.
“We must ensure that companies in Texas and companies that are located in the same way are not cut off from capital markets in New York with policy decisions from left in places like New York,” Abbott said.
Texas has also emerged as a competitor of Delaware as a legal home base for large companies. Tesla Last year again recorded in Texas after a legal fight in Delaware Court on a payment package for CEO Elon Musk. The Wall Street Journal reported that last month Meta platforms Investigated a similar movement.
The trade on the NYSE exchanges and most major stock markets around the world are done almost completely electronically. Stocks act on several stock markets, even if they have one as their primary list.