Posted on: October 21, 2025 03:32 PM

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Texas all set to aim to be numero uno on stage with NYC

The US Security Exchange gave green light for Texas to become the 29th registered national stock market nationwide. The name is TXSE to take on NYSE and NASDAQ which are the NYC dominance. The other one is the Chicago Stock Exchange which has a smaller capitalization. The NYSE conducts the most transactions on Wall Street and many insiders say this will split between the east coast and mid west to west coast. California does not have a stock exchange giving Texas the advantage over NY.

Also many insiders are speculating that NYSE will have major players move to Texas due to the weather and easier resort getaways during weekends. The launch is next year in time for the new NYC Mayor. Some say if Zohran Mamdani wins, most of the NYSE and NASDAQ players will move to Texas just in time for the party and NYC will no longer be the financial capital of the world. The TXSE will be in Dallas with three major backers, BlackRock, Citadel Securities, and Charles Schwab. In February 2025, the NYSE announced NYSE Texas by moving to Chicago electronic exchange and NASDAQ also announced plans to expand in Texas.

The entry of the TXSE, along with the rival NYSE Texas, is expected to intensify competition for listings and influence the future of financial market hubs nationwide.

Austin is a hot spot for tech companies which moved from Silicon Valley hub in California and it's a three hours drive to Dallas where new transportation plans are in place to expand the commercial boom.