The Chicago Stock Exchange, acquired by NYSE in 2018, has operated as an electronic trading platform. Its physical location at 440 South LaSalle Street in Chicago is part of a 40-story tower with significant vacancy.

The New York Stock Exchange is launching a fully electronic exchange in the Lone Star State. NYSE announced plans for NYSE Texas, which will be headquartered in Dallas, on Wednesday morning. NYSE is reincorporating its Chicago branch. The exact timing of the launch is pending regulatory filings.

NYSE will launch its Texas exchange by reincorporating and renaming NYSE Chicago. Intercontinental Exchange Inc., NYSE's parent company, acquired the Chicago Stock Exchange in 2018 and rebranded it as NYSE Chicago in February 2019.

In a move that serves to counter the planned launch of the Texas Stock Exchange, the NYSE said it will reincorporate NYSE Chicago in Texas and rename it NYSE Texas, with headquarters in Dallas. The news set both Wall Street and Y'all Street buzzing,

Governor Greg Abbott was excited to announce the launch of NYSE Texas in Dallas. During the announcement, Abbott also said that the New York Stock Exchange, a subsidiary of Intercontinental Exchange,