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The New York Stock Exchange is launching an exchange in Texas

The NYSE announced this week that one of its electronic exchanges, NYSE Chicago, will reincorporate in Texas and be renamed NYSE Texas, giving companies an option to list their stocks in the Lone Star State. The move comes as a potential competitor, TXSE Group, is emerging in Texas.


 

 


 

“As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere,” Lynn Martin, president of NYSE Group, said in a release.

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