Nasdaq lists over 200 Texas-based companies|Frank Thelen|CC BY-NC-ND 2.0
Nasdaq announced Tuesday it will open its first regional headquarters in Dallas, marking a major shift in US financial influence.
The office will open later this year and serve Texas and the Southeast, focusing on technology and financial crime management, including fraud and money laundering detection.
Nasdaq lists over 200 Texas-based companies.
The Lone Star State is becoming a major financial hub. The Texas Stock Exchange recently filed for regulatory approval to begin operations in 2025, while the NYSE plans an electronic exchange in the region.
Texas also launched specialized business courts to rival Delaware’s corporate legal system.
A shift away from Wall Street?
With Elon Musk moving much of his business empire to Texas and Meta considering incorporation there, the state is challenging New York as the country’s financial epicenter.