The Texas Stock Exchange made waves when it debuted in June 2024 with $120 million in backing from financial giants like BlackRock and Citadel Securities. Apparently, the impact was so strong that the New York Stock Exchange and Nasdaq ― who have long held a duopoly over the U.

Governor Greg Abbott was excited to announce the launch of NYSE Texas in Dallas. During the announcement, Abbott also said that the New York Stock Exchange, a subsidiary of Intercontinental Exchange,

Texas is the most powerful economy in the nation, and now we will become the financial capital of America," said Governor Abbott.