{"id":201318,"date":"2026-03-12T12:25:28","date_gmt":"2026-03-12T12:25:28","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/201318\/"},"modified":"2026-03-12T12:25:28","modified_gmt":"2026-03-12T12:25:28","slug":"nyse-texas-ready-for-primary-listings-president-bryan-daniel-says-were-good-to-go","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/201318\/","title":{"rendered":"NYSE Texas ready for primary listings, president Bryan Daniel says: \u2018We\u2019re good to go\u2019"},"content":{"rendered":"

The New York Stock Exchange\u2019s Lone Star State outpost, NYSE Texas<\/a>, got off to a hot start. After announcing in February of 2025, it quickly amassed dozens of dual listings by the summer<\/a>. <\/p>\n

But what if a company wanted to do its initial public offering and get a primary listing on NYSE Texas tomorrow? <\/p>\n

\u201cWe could do it,\u201d the exchange\u2019s president Bryan Daniel told The Dallas Morning News.<\/p>\n

In an interview on March 4, Daniel spoke on his vision for NYSE Texas, his background in economic development, and what the future holds for capital markets in the Lone Star State. Here\u2019s what he said, edited for length and clarity. <\/p>\n

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Related<\/p>\n

\"The<\/p>\n

What is your vision for NYSE Texas?<\/p>\n

\"Bryan<\/p>\n

Bryan Daniel, president of NYSE Texas, poses for a photo, Wednesday, March 4, 2026, in Dallas. <\/p>\n

Chitose Suzuki \/ Staff Photographer<\/p>\n

Daniel: \u201cWhen we talk to our companies, I think the excitement\u2019s really been three distinct things. For a lot of companies who are based in Texas, I think there\u2019s a lot of state pride and having this opportunity to have a listing on an exchange here in Texas. For other companies, having this anchor point in Texas is important to them in terms of how businesses do business in Texas. I think there\u2019s probably a third group of companies who may not be headquartered here, but have a lot of either customers here or they have a lot of investors here and being listed on NYSE Texas helps them zero in on that customer base or their investor base. <\/p>\n

\u201cThe reason we came here, all the things we\u2019ve seen in Texas for the last 10 years or so. We saw a lot of concentrated business activity, and we saw opportunities. … I think our role here is where we can really help a company amplify those things. And so I think our listed companies, they want people around them that can really help make sure we\u2019re all successful on this, and I think that helps drive a lot of the success that we\u2019re seeing so far.\u201d<\/p>\n

Dual listings historically came from a pre-digital trading age where you needed physical access to different time zones and different markets. Today, what do you think a dual listing offers a company?<\/p>\n

Daniel: \u201cWe\u2019ve seen what technology has done. We see where technology is going. I think what a dual listing does today is it lets you zero in on a particular part of your marketplace. From a trading mechanics standpoint, your stock\u2019s going to trade where your stock\u2019s going to trade, and we understand that that\u2019s going to happen. The dual listing, though, really helps a listed company amplify a particular message in a particular area in a particular way, to somebody specific. That could be customers, investors, the public at large. <\/p>\n

\u201cSo instead of thinking of a dual listing as a necessity for trading, they tend to think of it more broadly. A dual listing gives us more exposure. It gives us possible access to liquidity that we know is out there. But it also helps us be part of a place, whether it\u2019s a geographic place or a financial marketplace.<\/p>\n

\u201cThey tell us what they want. We tell them what we can do. And as long as you take care of those market mechanics, and as long as you are helping them advance the thing that they\u2019re trying to advance, I think that\u2019s the real value of the dual listing for them, and they\u2019re telling us that back.\u201d<\/p>\n

The Texas Stock Exchange<\/a> got U.S. Securities and Exchange Commission approval, NASDAQ announced their own dual listings exchange<\/a> based in Texas. What\u2019s your perspective on competition for Texas capital markets?<\/p>\n

\u201cMy focus is really almost entirely on what we think we can accomplish at NYSE Texas, but obviously, we\u2019re aware of the competition. We try to understand what they\u2019re going to be providing to their customers.<\/p>\n

Related<\/p>\n

\"Officials<\/p>\n

\u201cSo I think people were reading the same signs from Texas, meaning business activity, what the state government\u2019s doing. But we\u2019re still in an early stage of this where we\u2019re trying to grow, and we\u2019re trying to grow in the best way that we can. I think what we\u2019re offering our customers is what they\u2019re asking for. They continue to ask for dual listings, so we\u2019re going to continue to structure those in the way that the customers are telling us that they want.\u201d<\/p>\n

Are there any plans to open NYSE Texas up to and court primary listings?<\/p>\n

Daniel: \u201cYes, absolutely. I think primary listings are going to be pretty key for sustained growth for NYSE Texas. There are a lot of companies that I think intend to be regional in nature, a lot of companies that have a particular unique tie to Texas and so they want to be listed on an exchange based in Texas. We\u2019re very aware of that. <\/p>\n

\u201cWe\u2019re well into structuring our exchange to handle not just those primary listings, but IPOs right here in Texas, and we want to have the best possible experience for them when we do that. So yes, we\u2019ve spent a considerable amount of time on that already. When a company tells us, we\u2019re ready to do a primary listing, we want to do that in Texas. We\u2019re ready for that. <\/p>\n

\u201cCompanies obviously are watching us and talking to us and telling us what their plans are. And so when that match can be made, that match will be made.\u201d<\/p>\n

So all the technology and bureaucratic questions are sorted out to support primary listings?<\/p>\n

Daniel: \u201cThe systems are good to go. The rules that we have in place today can support them. When you think about the mechanics of the market, the NYSE pillar is such a tremendous platform. We got the best people working on that, and I think they took what felt like the right amount of time to make sure the technology\u2019s up to date.\u201d<\/p>\n

What are your thoughts are on the dynamic that\u2019s emerged of maybe New York versus Dallas in capital markets?<\/p>\n

Daniel: \u201cI think if you look at this from an American perspective, we should be really proud as Americans that we have these two phenomenal capital centers. I think Dallas has done a great job. <\/p>\n

\u201cThis idea that we would go court companies and somehow convince them to give up one for the other, that\u2019s not really our focus. Our focus is to have the best possible exchange in Texas, and we\u2019re headquartered in Dallas, and we\u2019re proud of that, and we want to be a part of that. And I would say that the New York Stock Exchange, there on Wall Street, they feel the same way about the space that they occupy.<\/p>\n

\u201cFor us, I don\u2019t think it\u2019s like competition between the two cities. I think it\u2019s the ability to get the very best out of those cities. I actually was going through my phone and found pictures of where I was on the training floor in New York with Governor [Greg] Abbott in 2015. We\u2019ve been building this economic base in Texas for a long time. <\/p>\n

\u201cThere are a lot of companies, particularly financial services sector companies, who are headquartered in New York who have extensive operations in Texas. And I think there\u2019s a lot of understanding that things are happening in Texas, and you have a lot of elected officials that want to make sure that the success continues. The growth of our workforce in this state, the growth of our GDP, I don\u2019t think either one of those things happened by accident.\u201d<\/p>\n

\"Bryan<\/p>\n

Bryan Daniel, president of NYSE Texas, left, speaks as moderator Eric F. Hinton, director of Center for Business Law & Leadership, SMU, listens during TexCap 2025, a capital markets conference, Wednesday, Oct. 8, 2025, at James M. Collins Executive Education Center in University Park.<\/p>\n

Chitose Suzuki \/ Staff Photographer<\/p>\n

The conversation around Texas\u2019 growth sometimes positions it in opposition to centers like New York and California. Would you characterize it differently?<\/p>\n

Daniel: \u201cThe way I would look at it is this: we\u2019ve seen so much growth in the United States over the last five years or so. And I think a lot of companies, not just the financial services sector, but manufacturing, healthcare, technology companies see the need to diversify out of one particular center in the country and be a part of more focal points in the country. I think that\u2019s become increasingly important. <\/p>\n

\u201cI think the conversation gets started because Texas is relatively new on the scene.\u201d<\/p>\n

The New York Stock Exchange is 233 years old.<\/p>\n

Daniel: \u201cTexas is younger than that as a state, so sometimes we\u2019re viewed through this lens of, Texas is making a run for it, but it\u2019s really been quite systemic growth and incremental growth over time. I\u2019m sure when California came on the scene in the middle part of last century, there\u2019s always this push and pull, when companies realize, oh, there\u2019s a lot of customers out there, we need to move out there. <\/p>\n

\u201cThis is just another chapter of the American economic success story. We are successful economically as the United States because we see opportunities, and we figure out ways to capitalize on those opportunities.\u201d<\/p>\n

Related<\/p>\n

\"A<\/p>\n

Tell me about NYSE Texas\u2019 choice to build its homebase in Old Parkland<\/a>, which is a really unique space in Oak Lawn.<\/p>\n

Daniel: \u201cYou mentioned history. That\u2019s obviously important to the New York Stock Exchange. It\u2019s a historic entity on its own. And when we\u2019re looking for space, I think the way that Old Parkland has been developed, history has been very important to that.<\/p>\n

\u201cThe other offices and firms that are headquartered there, many of those would operate in a similar space that we operate in. And I think there\u2019s always this draw to create a community.\u201d<\/p>\n

\"Crow<\/p>\n

Crow Holdings built the landmark Old Parkland office campus in Dallas.<\/p>\n

Crow Holdings<\/p>\n

\u201cBut honestly, the folks at Parkland have really created an environment that is, in a lot of ways, focused on that economic success for the region, for the state, and for the United States, and that basic desire to be successful. That\u2019s part of the draw too. <\/p>\n

\u201cSo we end up with an incredible space that is really steeped in both Texas and American history. And then on top of that, it\u2019s creating this ecosystem where the people you see in the cafeteria, in the parking lot, they\u2019re not working on the same thing you are, but they\u2019re working on a similar thing, and the spontaneous collaboration, good things come from that.\u201d<\/p>\n

Your background is not really a traditional stock market background. How do you think your background in economic development and as the chairman of the Texas Workforce Commission helps you lead NYSE Texas?<\/p>\n

Daniel: \u201cMy particular background in helping the state of Texas grow its business base, there\u2019s just a lot of overlap with what I do today. It\u2019s about relationships and working with people who are trying to grow. So when I need to sit down and talk with a company about their growth and how they think we can help with that growth, I\u2019ve had those conversations before, but in a different format.<\/p>\n

\u201cI\u2019m not doing this by myself. There\u2019s a phenomenal team of people that I get to work with, lots of experts in lots of different subjects. And so my job is bring all that together, make sure all the experts understand what we need and how we\u2019re going to get there, and then I get to help communicate that to Texans and Americans and all the folks that are interested in what we\u2019re doing.<\/p>\n

\u201cI have to admit, this was not on the Career Day schedule when I was getting started. But this, I hate say it this way, but it\u2019s so true. This is so cool. This is brand new in Texas. This is history-making. This is groundbreaking. Like, how can I not be part of this cool thing that\u2019s happening? And I\u2019ve been pleasantly surprised with how much the things that I was doing for the state have directly translated to the things that I now need to be doing for NYSE Texas.\u201d<\/p>\n

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Five companies plus Nasdaq Inc. are expected to list on Nasdaq Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"The New York Stock Exchange\u2019s Lone Star State outpost, NYSE Texas, got off to a hot start. After…\n","protected":false},"author":2,"featured_media":201319,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[6880,11317,27,29,28,16291],"class_list":["post-201318","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-banking","tag-stock-market","tag-texas","tag-texas-headlines","tag-texas-news","tag-texas-stock-exchange"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/201318","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=201318"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/201318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/201319"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=201318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=201318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=201318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}