NYSE Plans to move to Dallas

Question

In the wake of the announced Texas Stock Exchange, both NASDAQ and NYSE plan to move into the state. NYSE plans to move their operations in Chicago to Dallas. Texas Gov. Greg Abbot says, "Texas is the most powerful economy in the nation, and now we will become the financial capital of America." His quote is backed by the fact that the state of Texas represents more than $3.7 trillion in market value (Martin). 

The state is a great candidate as it holds the largest number of NYSE listings. Dallas, in particular hold the headquarters of plenty of major companies, increasing the market value of the area. The move to Dallas would increase confidence to local businesses all over Texas. The move would be a huge loss for Chicago, as the city points out how NYSE chose not to move to Miami despite the announcement of the Miami Stock Exchange.

Answer 1

The claim that the New York Stock Exchange (NYSE) is planning to move to Dallas is false. What is happening, and well-documented, is that the NYSE is expanding operations by relocating its Chicago-based electronic exchange to Dallas and rebranding it as NYSE Texas. This creates a new fully electronic equities exchange headquartered in Dallas, but it doesn't mean that NYSE is moving entirely. The main NYSE operations and trading floor remain in New York.

I used the primary source NYSE Texas Official Webpage to prove this point (https://www.nyse.com/markets/nyse-texas?utm_source=chatgpt.com). The NYSE’s own market page describes NYSE Texas as a distinct market focused on listings and trading in the region, again without indicating that the NYSE’s main headquarters in New York is closing or relocating. 

I also used Business Times Online - Texas Challenges Wall Street (https://business.times-online.com/times-online/article/marketminute-2025-12-4-texas-challenges-wall-street-the-rise-of-a-new-financial-hub-in-the-lone-star-state?utm_source=chatgpt.com). This article explains how multiple places (NYSE, Nasdaq, and the new Texas Stock Exchange) are establishing a presence in Dallas to take advantage of local economic trends. It emphasizes expansion, but not replacement. It's important to note that sources like this are not primary, therefore they may have less correct information.

Ultimately, my research disproves the claim that the NYSE is moving to Dallas.