# Nasdaq Texas **Domain:** Capital Markets / Market Infrastructure / Texas **Doc Type:** Institution Node **Maturity:** Developed ## Definition **Nasdaq Texas, LLC** is a Texas-organized national securities exchange headquartered in Dallas. Nasdaq converted Nasdaq BX, Inc. from a Delaware corporation into the Texas limited liability company on February 13, 2026; Nasdaq Texas launched its dual-listing program in March 2026. ## Listing and Trading Role Nasdaq Texas combines an operating equities venue with a Texas-designated dual-listing program. It runs on Nasdaq's existing technology, matching engines, market-data systems, networks, and issuer-services platform rather than constituting a technologically separate market ecosystem. ## Strategic Context The venue is both a [[wiki/Corporate Redomiciliation|redomiciled]] exchange entity and an incumbent response to Texas-centered market competition. Within the [[wiki/Texas Corporate Sovereignty Stack|Texas Corporate Sovereignty Stack]], it sits beside [[wiki/Texas Stock Exchange|TXSE]] and [[wiki/NYSE Texas|NYSE Texas]] as evidence that the listing layer is concentrating in Texas through several organizational routes. [[articles/war with empire/Imperial Financial Influence Operations — Cutting the Head off the Snake|Imperial Financial Influence Operations]] connects that market geography to the state's filing, corporate-law, court, and tax layers. ## Key Insight **A regional venue can be legally relocated and symbolically localized while remaining operationally continuous with a national exchange platform.** ## See Also [[wiki/Texas Securities Transaction Tax Ban|Texas Securities Transaction Tax Ban]] · [[wiki/Jurisdiction as Product|Jurisdiction as Product]] · [[wiki/Registry Sovereignty|Registry Sovereignty]] ## Primary Sources [Nasdaq — Nasdaq Texas overview](https://www.nasdaq.com/nasdaq-texas) · [Nasdaq — corporate governance documents](https://ir.nasdaq.com/corporate-governance/nasdaq-Texas/documents-and-charters) · [Nasdaq — market resources](https://www.nasdaq.com/products/north-american-markets/ntx-stock-market)