Nasdaq Inc. has announced plans to open its first regional headquarters in Dallas, Texas, at its existing office in Irving. The new office will serve as a hub for Nasdaq's technology, financial crime management, and client services divisions, supporting over 200 Texas-based companies listed on the exchange with a combined market capitalization of $1.98 trillion as of December 2024. Rachel Racz, a Texas native, will lead the Texas, Southern U.S., and Latin America division. The move is part of a wave of financial institutions relocating to Texas, drawn by the state's pro-business environment, favorable tax policies, and lower operational costs. Texas Governor Greg Abbott highlighted the state's economic success, citing its leadership in job creation and its emergence as a financial hub. He described Texas as 'the home of capital markets in the United States.' Nasdaq's expansion follows similar moves by other financial entities, including the New York Stock Exchange, which plans to launch an electronic exchange in Dallas, and the Texas Stock Exchange, which raised $120 million and is set to launch in 2026. These developments highlight Texas's growing influence in the financial sector.