Nasdaq Texas celebrated its full launch Thursday in San Antonio, ringing its closing bell at a televised ceremony exterior the Alamo.
It’s the third main inventory change to start out operations within the Lone Star State after the Texas Inventory Trade gained federal approval and the New York Inventory Trade launched NYSE Texas final yr.
Nasdaq welcomed Gov. Greg Abbott, a number of CEOs and dozens of onlookers, who emphasised the significance of Texas’ pro-business setting in entrance of a financial institution of tv screens and cameras beneath the well-known Alamo facade.
At 3 p.m., the assembled crowd cheered, confetti flew and a handful of enterprise leaders pressed a button, ringing in the long run of the buying and selling day for Nasdaq Texas.
Nasdaq already lists greater than 200 Texas firms. Six firms signed on to have their shares dual-listed on the market on Nasdaq’s fashionable, New York-based inventory change and its new one in Texas.
APA Company, Firefly Aerospace and ProFrac Providers are the Texas-based firms that signed up for the dual-listing. Development Companions, Huntington Bancshares and J.B. Hunt Transportation Providers additionally signed on and are primarily based in Alabama, Ohio and Arkansas, respectively. Nasdaq may also record its inventory on each exchanges.
J.B. Hunt Transportation, Huntington Bancshares and APA Company have been all listed among the many Fortune 500 — the five hundred largest firms by income — this yr.
“We’re honored to be one of many first firms right here dual-listed on the Nasdaq,” stated John J. Christmann, APA Company’s CEO. “It’s a terrific factor for the state.”
Meaning traders can commerce shares for these firms in Nasdaq’s new Texas change.
Nasdaq is likely one of the two largest inventory exchanges on the planet, together with the New York Inventory Trade, and is totally on-line. It’s additionally identified for the Nasdaq Composite, an index of all the businesses it lists that’s used to trace bigger financial tendencies.
The 2 largest inventory exchanges have historically operated out of New York, however turned their consideration to Texas just lately.
“It’s only proper that Texas be ranked primary for the capital markets that drive capitalism and your entire financial system,” Abbott stated on the ceremony. “We’re so proud that Nasdaq is part of that course of. We’re proud that Nasdaq does enterprise and has a location within the nice state of Texas.”
“Texas stands as a strong instance of what occurs when private and non-private sectors work collectively,” added Nasdaq CEO Adena Friedman.
In 2025, the Texas Inventory Trade launched in Dallas, aiming to function as a nationwide change competing with these two large gamers. The New York Inventory Trade stood up an operation in Texas final yr, as properly, and now Nasdaq has joined the get together.
The brand new Nasdaq Texas change will nonetheless provide traders the identical instruments, however may give companies extra visibility in Texas.
“Nasdaq Texas is designed for publicly traded firms that need to align with the Texas economic system, function inside the state’s business-friendly governance setting, and preserve entry to Nasdaq’s full suite of worldwide capabilities, liquidity, and investor attain,” learn a press launch on Nasdaq’s web site.
The closing bell ceremony on the Alamo additionally honored the a hundred and ninetieth anniversary of the Battle of the Alamo, which passed off on March 6, 1836, in response to a press launch from the Alamo Belief.
The closing bell ceremony usually takes place in New York, however the manufacturing moved to San Antonio on Thursday to rejoice Nasdaq Texas and the historic anniversary.
