Texa Abbott Touts Dallas Finance Hub as New Bourse Makes Hires

Texas Governor Greg Abbott expressed optimism that the establishment of the Texas Stock Exchange will elevate Dallas to become the leading financial center in the United States. Abbott believes that the addition of a stock exchange to Dallas will solidify its position as the financial heartbeat of the country. He highlighted that Texas already employs more people in financial services than New York, and the recent expansion of data centers in the state will support rapid transaction speeds once the exchange is operational. Abbott met with officials from the new bourse, which has raised $135 million with backing from investors like BlackRock Inc. and Citadel Securities. The exchange plans to file registration documents with the SEC in the coming months. The Texas governor also discussed the possibility of listing Elon Musk s companies on the exchange, receiving a positive response. Musk s companies, including SpaceX, Neuralink, and X, align with the exchange s approach to business. The Texas Stock Exchange aims to reduce burdensome regulations for businesses, notably by not imposing environmental, social, and governance (ESG) thresholds on listed companies. This stance aligns with the Texas Republican Party s efforts to crack down on ESG investment practices. In summary, the Texas Stock Exchange is poised to transform Dallas into the top financial center in the U.S., with Governor Abbott and other officials working to change perceptions of the U.S. financial landscape outside of New York. The exchange s focus on reducing regulations and its potential to attract companies like Musk s further solidify its role in the financial sector.

Source: insurancejournal.com
Published on 2024-10-03

Stonehearth Capital Management LLC Has $2 . 57 Million Holdings in Nuveen ESG Small - Cap ETF ( BATS : NUSC ) »

Greenwashing

Related news