Dallas to be home of Nasdaq’s new headquarters in Southeastern U.S.

Dallas is now home to another major financial company, as Nasdaq recently announced that it would be establishing a new regional headquarters in the city. Serving the Southeastern U.S. region, this development was made public during a Nasdaq luncheon in Dallas that was attended by Texas Governor Greg Abbott. The event celebrated the accomplishments of entrepreneur Ross Perot Jr., son of the well-known former presidential candidate and philanthropist Ross Perot.

Both Nasdaq and Governor Abbott hailed Texas as having the most diversified state economy in America and being a hub of growth and innovation. Describing Texas as “the epicenter of business in the United States,” Governor Abbott noted the rapid expansion of the financial sector in the state over the past decade. Nasdaq revealed that it currently rakes in over $750 million in revenues from Texas and the Southeast region.

Adena Friedman, chair and CEO of Nasdaq, expressed enthusiasm about the company’s deep integration into the Texas economy. She emphasized Nasdaq’s commitment to maintaining its leadership position as the preferred partner for the state’s most innovative companies. This move by Nasdaq follows a similar decision by the New York Stock Exchange (NYSE) to relocate its Chicago branch to Dallas.

Interestingly, a new initiative is in the works to establish a national stock exchange in Texas, referred to as the Texas Stock Exchange (TXSE). Spearheaded by a Dallas-based consortium, the group has submitted an application for approval to the U.S. Securities and Exchange Commission (SEC). The goal is to kick off trading activities for the Texas Stock Exchange in early 2026. The headquartering of both Nasdaq and the NYSE branches, along with the forthcoming Texas Stock Exchange, underscores the strong appeal of Texas as a financial hub that continues to attract significant business investments and interests.