NEW FINANCIAL POWER CENTER: Texas takes DIRECT AIM at Wall Street

https://www.youtube.com/watch?v=dGUrzVLM76g

Texas is emerging as a real challenger to Wall Street, especially in Dallas, where NYSE Texas, Nasdaq’s regional headquarters, and the Texas Stock Exchange are helping build a new financial center. The state’s appeal comes from lower taxes, lighter regulation, and a business-friendly environment that has already pulled in banks and major financial firms.

What’s driving it

Goldman Sachs’ new campus is one of the clearest signs of the shift, and the growing cluster of exchanges and financial offices is why some people are calling the region “Y’all Street”. Texas lawmakers have also passed bills aimed at attracting more companies and deepening the state’s role in capital markets.

Why it matters

The Texas Stock Exchange received SEC approval in 2025 and is expected to begin trading in early 2026, backed by major investors. That gives Texas something it has never really had before: direct infrastructure to compete with New York in listings, trading, and market services.