Nasdaq Texas is a dedicated listing and trading venue with regional headquarters in Dallas that was built to deepen Nasdaq’s commitment to the state and the companies that call it home.
Listing on Nasdaq Texas enables companies to take advantage of a Texas designation signaling alignment with the state’s business-friendly environment, and encourages engagement with key regional stakeholders, policymakers, and regulators.
The exchange runs on Nasdaq’s existing global technology platform, matching engines, and global networks, so listed companies retain the full suite of Nasdaq services: investor relations tools, index products, market data, and anti-financial crime technology through Verafin, which serves more than 220 financial institutions in Texas.
The addition of Nasdaq Texas enables Nasdaq to bring the global element of Nasdaq to Texas. Listed companies continue to get all the support Nasdaq offers, and that support is more amplified and more local.
“The uniqueness and dynamism of the Texas economy is unequaled,” said Ed Knight, Executive Vice Chairman of Nasdaq and Chairman of the Nasdaq Texas Advisory Board. “We are aligned with the economics and the business culture of Texas. One way of signaling that partnership is by investing in and starting a stock exchange here.”
Why Does Nasdaq Texas Exist?
Nasdaq’s presence in Texas is not new. The company has worked in the state for two decades, serving more than 2,000 clients across the Southeast region — including 800 in Texas — with more than 200 listed companies headquartered there.
“Texas will continue to drive the creation and growth of innovative companies. We want to make sure these companies have a home for their listings that share their vision for the future,” said Rachel Racz.
Texas itself has become one of the most compelling environments for capital formation in the world. It is the eighth-largest economy globally, leads the United States in exports, corporate relocations, and sustained job creation, and spans a diversified base of energy, technology, life sciences, financial services, and advanced manufacturing.
At the same time, Texas has modernized its governance framework for companies incorporated in the state. Senate Bill 29 codified the business judgment rule with a statutory presumption of good faith when it was signed into law in 2025. Senate Bill 1057, also signed in 2025, raised shareholder proposal thresholds. The 2023-established Texas Business Court provides a dedicated forum for complex corporate disputes. Together, these recent reforms create a governance environment that companies are actively choosing.
“Texas is the embodiment of smart regulation,” said Knight. “A lot of companies who say they want to align with Texas are also aligning with Nasdaq.”
Terry Campbell, Senior Vice President of Governmental Affairs at Nasdaq, framed it in broader terms: “The governor and the legislature spent a lot of time in the last session improving the business environment in Texas. Nasdaq Texas gives us a strong platform to partner with state leaders on the next round of ideas to provide even more momentum.”
How Does Nasdaq Texas Fit into the Bigger Picture?
Nasdaq Texas is infrastructure built alongside an emerging financial ecosystem — what some have begun calling “Y’all Street”, where issuers, investors, banks, exchanges, and service providers increasingly operate in the same environment.
Nasdaq Texas is designed to bring the global infrastructure of Nasdaq closer to where companies operate. The Nasdaq Texas Advisory Board, chaired by Ed Knight and composed of CFOs, financial institution leaders, top-tier legal counsel, and corporate executives representing multiple geographies and sectors across the state — reflects that local-first approach.
And Nasdaq is bringing more than a listing venue to the state. It brings a track record: the only exchange to testify on the JOBS Act in both the House and Senate; an annual proxy survey now in its eighth year; and a coalition-building approach that has engaged the Chamber of Commerce, the Business Roundtable, and the National Association of Manufacturers.
“Nasdaq is a global exchange with a very regional presence,” said Racz. “We show up locally. What we’re building in Texas is the infrastructure necessary to have a world-class capital market system — and we’re doing it in partnership with the business community.”
Nasdaq Texas is designed to evolve alongside the ecosystem it serves: a listing venue and regional headquarters at the center of gravity for capital formation in the fastest-growing economy in America.
“Capital markets in the United States are not a guaranteed advantage,” Knight said. “It’s one that was worked for, and we have to preserve it, take care of it, value it, and treat it delicately.”
Looking Ahead
Nasdaq sits at the center of the world’s most innovative economies, serving as the connective tissue that connects capital to opportunity. We provide innovators and investors with infrastructure, investment products, and data and insights that enable innovation to scale and investors to allocate with confidence.
Nasdaq is deeply committed to Texas’s growth, innovation, and financial integrity — and views Texas as a foundational platform for the innovators and businesses shaping the next frontier.
Learn more about Nasdaq Texas.
