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Texas has become an important home for companies in recent years, which are looking to move to include NYSE Texas in the latest – New York Stock Exchange “fully electronic equity change” in Dallas.
NYSE revealed on Wednesday that it is planning Add operations By re -organizing its NYSE Chicago as NYSE Texas in Lone Star State in Dallas, “completely Electronic Equity Exchange” provided public companies with a list and business site to public companies, which South -Western America Focus within the lively economy of. ” Future.
NYSE Group President Lin Martin said that the exchange “Loan Star is happy to expand our appearance in Star State,” Texas as a state “with the largest number of NYSE listing” and promoted a supporter business environment Market leaders in giving. ,
Traders work on the floor of the New York Stock Exchange on November 28, 2011. Reuters/Brendon McDermid (United States – Tags: Business) (Reuters / Brendon McDermid / Reuters Photos)
New York Stock Exchange Plan Exchange ‘Pro-Business’ in Texas
A report released last year by Federal Reserve Bank for Dallas Mesh of over 7,300 firms Between 2010 and 2019 moved to Texas, putting it in top states for commercial transfer.
The report states that the state has carried forward more firms than more firms since 2000.
Texas University told Dallas Accounts Assistant Professor Kirti Sinha Fox business Said “many factors” have drawn companies in Lone Star State.
“First, of course, taxes. In general, there is no personal income tax and corporate income tax in Texas,” he said. “Then, second, I think we have a regulator environment, I would say, much more comfort than some other states.”
“We have a lower disclosure or regulatory inspection than other states, and I think this is also the way, for example, the governor is indicating” Come here, make it your home, and I am here for you, “This type of gives Sinha that the companies indicate that whatever the situation is in the context of the rules, it is going to be in the future.”
A Texas flag and the American flag Austin, flowed together on a building in Texas, 11 March, 2023. (Photo by Smith Collection/Guide/Getty Image) (Smith Collection/Gado/Getty Image/Getty Images)
space He texas According to Sinha, manufacturing facilities and warehouses and its wage rates have also appealed to businesses.
“Texas has been working to establish itself as the best place in the US to trade itself. With one of the fastest growing population in the country, Tier 1 Research Universities of any state of the country The highest number of, and a business and regulatory environment that makes it easy for companies to succeed, Texas is unmatched as a place to trade, “Dean Business School Dean Nat Sharp at Texas Andm told Fox Business .
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Of some big name companies Moved their headquarters In recent years, Texas have Tesla, Fisher Investments and Hewlett Packard Enterprises.
Fisher Investments announced their move in Lone Star State in 2023. This transfer was motivated by the Washington State Supreme Court to maintain the state’s capital gains tax.
In 2020, Hewlet Packard Enterprises pointed to its move in Texas “the opportunity for cost savings and the preferences of team members about the future for work”.
In another recent example, energy giant Chevron declined in 2024 that he would take its headquarters from California to Texas. Chevron, president of the US Products, Andy Walz said that California is a “difficult place” to do business and “recruited people” played a role in their rehabilitation decision, as well as the company to run the “better business results” “.
Sharp stated that NYSE Texas’s launch “will accelerate trade growth in the state” and make it “even more attractive”.
Partly downtown Dallas, horizon of TX on a partial cloud day. (By photo: We are images/universal images through getty images) (Hum images / universal picture group Getty Image / Getty Image)
NASDAQ, another major stock exchange, is also the presence in Texas, and the TXSE group is working to establish the Texas Stock Exchange in the state, as well as its form 1 registration with the Securities and Exchange Commission later last month Is filing
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Sinha told Fox Business, “The entire listing process has become very complicated in years, and having a physical office helps them to talk directly to these companies and gives them direct access.”
He also said that the exchanges in Texas “indicate investors that they can rely on the system here, and so I think it is a very self-fulfillment type of cycle, such as’ Oh so companies come to companies The New York Stock Exchange came ‘and then it will bring more investors and more companies. “
