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,

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,