Texas Governor Greg Abbott celebrated this week the announcement that Nasdaq will launch a new financial exchange in the state. The dual listing venue, dubbed Nasdaq Texas, aims to expand investment opportunities for U.S. investors and is expected to become operational in 2026.
The move solidifies Texas’s growing status as a major financial hub, challenging traditional centers like New York. The state now boasts the largest financial services workforce in the United States.
“Texas is the financial services capital of America,” said Governor Abbott. “With another financial exchange coming to Texas, Nasdaq Texas cements our state as a global economic leader and will help further grow our leading financial industry.”
Abbott thanked Nasdaq for choosing Texas and pledged to work with the company “to keep Texas the financial hub of the nation.” The announcement comes eight months after the governor joined Nasdaq executives at a Dallas luncheon celebrating the company’s new regional headquarters there.`
As previously reported by The Dallas Express, Wall Street is expanding into Dallas, with Nasdaq Inc. preparing to deepen its presence in the city.
The exchange operator announced that it will establish a new regional headquarters in Dallas, serving as a hub for its clients in the Lone Star State. Nasdaq also announced plans to increase investments in Texas to “enhance the liquidity, transparency, and integrity of the financial ecosystem,” according to a March 18, 2025, company statement.
Texas has emerged as a corporate magnet under Abbott’s tenure. The state has attracted more than 325 corporate headquarters and ranks as the world’s eighth-largest economy.
Nasdaq Texas still requires regulatory approvals before launching operations. The company has not disclosed specific details about the exchange’s structure or how it will differ from existing venues.