On March 5 2026, Nasdaq launched Nasdaq Texas, a dual‑listing venue that lets U.S. public companies list on a Texas‑based exchange while keeping access to Nasdaq’s global technology and market infrastructure. The launch ceremony at the Alamo in San Antonio drew Texas Governor Greg Abbott, Lt. Governor Dan Patrick, and Nasdaq leadership, underscoring the state’s growing role as a financial hub.
Nasdaq’s SVP and Head of Listings for Texas, Rachel Racz, highlighted the state’s business‑friendly environment and the company’s commitment to supporting capital formation in Texas. She said, “The full launch of Nasdaq Texas represents a permanent, foundational commitment to the companies that want to build the future of the U.S. economy from this state.” The inaugural cohort of dual‑listed companies spans technology, energy, industrial, and financial services, positioning Nasdaq to capture a broader segment of the U.S. capital‑market ecosystem.
The new exchange is legally domiciled in Texas and is built on Nasdaq’s INET technology platform, offering the same liquidity, data, and technology services as the main Nasdaq market. It will provide features such as Mid‑Point Peg and Post‑Only orders, and will allow companies to align with Texas’ corporate governance framework while maintaining access to global investors.
The launch comes amid a broader “Y’all Street” trend, as other exchanges such as NYSE Texas and the forthcoming Texas Stock Exchange expand their presence in the state. Texas is the eighth‑largest economy in the world and hosts the largest financial services workforce in the U.S., surpassing New York. By adding a Texas‑domiciled venue, Nasdaq strengthens its competitive position against NYSE and other regional exchanges and taps a market that values low taxes, lower costs, and a business‑friendly regulatory climate.
Governor Abbott emphasized the strategic importance of the new exchange, saying, “Texas is the financial services capital of America. 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.” Nasdaq CEO Adena Friedman added, “Texas has long represented what it means to be bold. To take risks. To build. To lead. That spirit mirrors Nasdaq’s own story. We were founded to challenge convention, to modernize markets and expand access to capital for innovators who shape the future.”
The dual‑listing model offers companies the flexibility to maintain a Texas domicile while accessing Nasdaq’s global liquidity and investor base, potentially increasing capital‑raising opportunities and enhancing market visibility. Nasdaq’s strategic expansion into Texas signals a long‑term commitment to the state’s growing financial ecosystem and positions the company to capture new revenue streams from listing fees, trading, and ancillary services in a high‑growth region.
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