The U.S. financial landscape is seismically shifting, and it’s surging toward Texas. The establishment of NYSE Texas, NASDAQ’s regional headquarters in the state, and the new Texas Stock Exchange (TXSE) are indicative of the ongoing decentralization of financial activities and the emergence of Texas as a major competitor.

The combined presence of these exchanges elevates Texas, particularly Dallas, to the ranks of top-tier money centers alongside New York and Chicago. The result will undoubtedly be an influx of financial firms, investment banks, and fintech companies. Texas has been outpacing the growth in other states in these industries for a while now, and that pattern should only intensify.

The exchanges will also likely draw more corporate headquarters and private equity-backed firm

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