The Big Board has found a home in Dallas, and someone to run it.
The New York Stock Exchange-Texas will move into the historic Old Parkland office campus in Oak Lawn, the world’s largest exchange announced on Monday.
With a signed lease in hand, the Big Board’s local branch is expected to open at the location in 2026, the NYSE said in a statement. It also revealed Bryan Daniel, most recently the chairman of the Texas Workforce Commission, would serve as the branch’s president.
“It is an honor to be a part of the greater NYSE team and a testament to our great state that this global powerhouse has recognized the opportunity for a local capital markets ecosystem in Texas,” Daniel said in a statement.
“I have spent my entire career working to support the state of Texas, and I am excited for this next step to lead NYSE Texas and drive this important phase of growth for the Texas economy.”
Old Parkland was built as the first brick hospital in Texas over a century ago, and it reopened as a spot for businesses in 2008, following purchase and redevelopment by Dallas’ Trammell Crow family.
Its neoclassical architecture houses Crow Holdings, the Dallas office of major law firm Polsinelli, and more than 100 more, including many financial and investment firms. Bank of New York’s wealth management operation also has offices at the location.
Dallas’ award-winning Old Parkland campus in Oak Lawn is home to more than 100 companies.
Crow Family Holdings
Back in February, the Big Board announced it would reincorporate its Chicago branch in the Lone Star State, as part of a wave of financial giants looking to plant down roots in North Texas, which is seen as boom country.
Since then, it’s been full steam ahead for the fully electronic exchange, picking up dual listings from the likes of AT&T and D.R. Horton.
Under Daniel’s leadership, NYSE Texas will look to establish its presence in the state before local upstart Texas Stock Exchange is approved by the U.S. Securities and Exchange Commission.
Each — not to mention Nasdaq’s North Texas office — are vying to capitalize on the state’s history of strong economic growth, and a physical presence in the state still matters towards that aim, according to experts.
Texas owns the largest number of NYSE listings, representing over $3.7 trillion in market value, and boasts over 200 Nasdaq-listed companies as well.
Offices here in Dallas, be it NYSE Texas’ new digs or TXSE’s planned Texas Market Center, help exchanges offer support to listed companies and integrate into the local business community.
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