NYSE’s Newest Venue Gets Jump on Upstart Texas Stock Exchange

The New York Stock Exchange has already convinced a significant chunk of Texas public companies to dual-list their shares on its new outpost in their home state, shoring up its competitive position ahead of next year’s planned launch of the rival Texas Stock Exchange.

With at least 25 new sign-ups in August alone, companies representing hundreds of billions of dollars in market value have agreed to let their stock trade on NYSE Texas since it opened for business in March. All of them opted to add NYSE Texas as a secondary venue, keeping their primary listings in New York ...