Austin, Texas, November 25, 2025
Texas Agriculture Commissioner Sid Miller has officially invited the New York Stock Exchange (NYSE) and the Chicago Mercantile Exchange (CME) to move their operations to Texas. Highlighting the state’s pro-business environment and its importance in commodity markets, Miller believes that this move could enhance Texas’s profile as a financial hub. With NYSE Texas set to launch and the Texas Stock Exchange (TXSE) on the horizon, Texas aims to attract major financial institutions.
Texas Agriculture Commissioner Invites NYSE and CME to Relocate to Texas
Austin, Texas – Texas Agriculture Commissioner Sid Miller has extended an invitation to the New York Stock Exchange (NYSE) and the Chicago Mercantile Exchange (CME) to relocate their operations to Texas. Miller emphasized that recent developments in New York City and Chicago have raised concerns about their commitment to free markets and business development. He highlighted Texas’s pro-business environment, characterized by limited government intervention and a focus on economic freedom. Miller also noted that Texas plays a central role in markets for commodities like cattle, cotton, grain, and energy, suggesting that the exchanges would benefit from being closer to these industries. He proposed that a combined presence of NYSE, CME, and the Texas Stock Exchange (TXSE) could create a powerful financial hub in the state.
Background on Recent Financial Developments in Texas
In February 2025, the NYSE announced plans to launch NYSE Texas, a fully electronic equities exchange headquartered in Dallas. This move is part of a broader trend of financial institutions establishing a presence in Texas, attracted by its favorable business climate. Additionally, the Texas Stock Exchange (TXSE) is scheduled to launch in 2026, aiming to further strengthen the state’s financial sector.
About Sid Miller
Sid Miller has served as the Texas Agriculture Commissioner since January 2015. Before his tenure as commissioner, he was a member of the Texas House of Representatives from 2001 to 2013. Miller is known for his advocacy of free-market principles and has been a proponent of policies that support business development and economic growth in Texas.
Implications for the Financial Sector
The invitation to NYSE and CME underscores Texas’s ambition to become a central hub for financial activities. By attracting major exchanges, the state aims to enhance its economic profile and provide new opportunities for businesses and investors. The establishment of NYSE Texas and the upcoming launch of TXSE are steps toward realizing this vision.
Related News
- Texas Agriculture Commissioner Sid Miller Invites the New York Stock Exchange and Chicago Mercantile Exchange to Relocate to Texas
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FAQ
What is the Texas Stock Exchange (TXSE)?
The Texas Stock Exchange (TXSE) is a planned national stock exchange to be headquartered in Dallas, Texas. It is expected to launch in 2026 and aims to provide a platform for trading various financial instruments, including equities and exchange-traded products.
Why is Commissioner Sid Miller inviting NYSE and CME to relocate to Texas?
Commissioner Sid Miller has invited the New York Stock Exchange (NYSE) and the Chicago Mercantile Exchange (CME) to relocate to Texas, emphasizing the state’s pro-business environment and its central role in markets for commodities like cattle, cotton, grain, and energy.
What is the significance of NYSE Texas?
NYSE Texas is a fully electronic equities exchange headquartered in Dallas, announced by the New York Stock Exchange in February 2025. This move is part of a broader trend of financial institutions establishing a presence in Texas, attracted by its favorable business climate.
Key Features
| Feature | Description |
|---|---|
| TXSE Launch | Planned national stock exchange headquartered in Dallas, Texas, expected to launch in 2026. |
| NYSE Texas | Fully electronic equities exchange headquartered in Dallas, announced in February 2025. |
| Commissioner Sid Miller | Texas Agriculture Commissioner since January 2015, known for advocating free-market principles. |
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