A Texas Stock Exchange could reshape state, national stock markets

With financial titans Blackrock and Citadel Securities having invested $120 million toward creating the Texas Stock Exchange, a national stock exchange headquartered in Dallas, experts believe it could change that city and the state. Some steps remain until the exchange is official. On top of cementing Dallas’ reputation as the financial capital of the South, some say it could drive more company relocations and jobs to the city and state.

“We’re already seeing it now with the new Goldman Sachs campus, but you can expect this to surge high-profile financial events and conferences, and could spur new developments. But that could also drive property values higher.” RELATED: Financiers plan to launch a Texas-based stock exchange Dallas is already an important financial capital in the U.S. It has a Federal Reserve Bank, has become the home of 24 Fortune 500 companies and is welcoming dozens of new, wealthy residents.

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