‘The Claman Countdown’ panelist Banim Chadha and Scott Reddler analyzed the market matrix.
The New York Stock Exchange (NYSE) Texas, “a fully electronic equity exchange,” is coming to Dallas.
The announcement came on Wednesday, and was stated that NYSE Chicago “would revive in Texas and change the name of NYSE Texas,” would provide companies a new site to list its securities.
Many high-profile firms, including Alone muscus Tesla, and SpaceX, has moved its headquarters to Texas, which is attracted to the state’s perceived favorable legal and regulatory environment.
“As a state with the largest number of NYSE listing, the market value for our community represents more than $ 3.7 trillion, Texas is a market leader NYSE Group President Lin Martin said in a statement in promoting a pro -business environment.
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Traders work on the floor of New York Stock Exchange (NYSE) in the early bell in New York City on Wednesday. (Angela Weis / AFP / Getty Images)
“We are happy to expand our presence in the Lone Star State, which plays an important role in advancing our American economy,” Martin continued.
Texas village. Greg Abbott met with NYSE leaders on Monday, discussed the launch, Local Fox 4 reported.
“With the launch of NYSE Texas, we will expand our financial strength in the United States and cement our great kingdom as an economic power plant on the global platform,” Abbott said, According to Fox 4.
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Texas village. Greg Abbott, who had previously appeared in Fox Business, responded to the move to bring NYSE Texas into Dallas. (Fox Business / Fox News)
A potential contestant is already in tasks, as a Texas Stock Exchange (TXSE), a new enterprise supported by financial veterans, including Blackrock, Citadel Securities and Charles Schwab, to operate as a national, at the end of last month to operate as a national The 2026 launch is targeted after paperwork. Securities exchange, Reuters told.
It will also be a completely electronic equity exchange with headquarters in Dallas.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 355.84 | -0.10 |
-0.03% |
On June 23, 2022, Tesla Gigafctor in Austin, Texas. NYSE Group President Lin Martin said that Texas is the state with the largest number of NYSE listing. (Jordan Wonderhar / Bloomberg / Getty Images)
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“We know with everyone that Texas is the best place to trade,” TXSE spokesperson said in a statement after the news. “Texas Stock Exchange is using this speed to create a national securities exchange in our home state.”
Reuters contributed to this report.
