Texas Stock Exchange Secures 4 Primary Listings as It Challenges NYSE and Nasdaq

1 articles · Updated · Fox News · Oct 4

Four companies — Energy Transfer, Dillard's, Sunoco and Texas Capital Bank — have committed primary listings to the Texas Stock Exchange, giving the Dallas-based venue early traction after winning SEC approval last year.
Backing from JPMorgan and BlackRock, along with executives recruited from rival exchanges, is being cited by advisers as proof the exchange is more than a branding exercise.
The pitch rests on capital and companies moving away from New York and California, with Texas offering lower costs and a more business-friendly environment for headquarters, incorporation and public listings.
That push positions Texas beyond corporate relocations and toward a direct challenge to Wall Street's dominance in equity listings, with supporters arguing the state is becoming a broader financial center.