What happened: The New York Stock Exchange (NYSE) is establishing NYSE Texas in Dallas, further solidifying Texas’s status as a business and financial hub.

Remind me: The NYSE revealed its plans to add operations in Dallas by reincorporating its NYSE Chicago as NYSE Texas, which will be a fully electronic equities exchange.

• Texas has become a top destination for corporate relocations due to the state’s business-friendly environment. Big-name companies, including Tesla and Hewlett Packard Enterprise, have already made the move.

Worth noting: Nasdaq, another major stock exchange, also has a presence in Texas, and the TXSE Group is working to set up the Texas Stock Exchange in the state as well.

• University of Texas at Dallas Accounting Assistant Professor Kirti Sinha suggested that the presence of stock exchanges in Texas will boost investor confidence and attract more companies.

TLR Thoughts: Texas’s commitment to a pro-business environment continues to attract top companies and reinforce its reputation as an economic powerhouse. However, decades of regulatory accumulation still create challenges for businesses and consumers alike. To maintain its competitive edge, Texas must continue prioritizing smart regulatory reform, business growth and a fair legal climate that protects against excessive litigation.

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