The New York Stock Exchange announced plans to reincorporate NYSE Chicago to NYSE Texas, headquartered in Dallas.

NYSE is reincorporating its Chicago branch. The exact timing of the launch is pending regulatory filings. “With the launch of NYSE Texas, we will expand our financial might in the United States and cement our great state as an economic powerhouse on the global stage,

The New York Stock Exchange is expanding to Y'all Street. The latest: The NYSE announced Wednesday that it plans to move its fully electronic Chicago exchange to Dallas. Why it matters: Dallas has emerged as a financial hub as stock markets and companies have sought to cash in on Texas' wealth.