Nasdaq Texas Launches with Inaugural Dual Listings
Rhea-AI Summary
Nasdaq Texas (Nasdaq: NDAQ) launched March 5, 2026, and held a Nasdaq Closing Bell ceremony at the Alamo to mark full operational status after SEC approval of its listing rules. Nasdaq, Inc. and an inaugural cohort of companies will dually list on the Texas-based exchange to access Texas governance while retaining Nasdaq technology and global investor reach.
The first cohort includes APA, ROAD, JBHT, HBAN, and ACDC, reflecting sector breadth across energy, transport, financials, and services.
Positive
- SEC-approved listing rules enable Nasdaq Texas operational launch
- Nasdaq (NDAQ) will dual list on Nasdaq Texas
- First cohort includes five named public companies (APA, ROAD, JBHT, HBAN, ACDC)
Negative
- None.
News Market Reaction – NDAQ
On the day this news was published, NDAQ declined 0.96%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
NDAQ gained 1.96% alongside broadly positive peers: MSCI +1.04%, ICE +1.73%, MCO +1.10%, CME +0.06%, while COIN outperformed at +6.65%. Scanner data does not flag a coordinated sector momentum move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 26 | Investor conferences | Neutral | -1.1% | Executives scheduled to present at two early‑March investor conferences. |
| Feb 25 | Short interest data | Neutral | +5.5% | Reported mid‑month Nasdaq short interest levels and days to cover. |
| Feb 25 | Investor Day outlook | Positive | +3.5% | Raised medium‑term Solutions revenue outlook and outlined scalable growth strategy. |
| Feb 10 | Short interest data | Neutral | -2.5% | Published end‑of‑month short interest across Nasdaq Global and Capital Markets. |
| Feb 10 | Product launch | Positive | -4.4% | Introduced Nasdaq Private Capital Indexes covering $11.4T in global AUM. |
Recent strategic and data‑release headlines often saw mixed but mostly aligned reactions, with one notable selloff on a positive product launch.
Over the past month, Nasdaq issued several operational and strategic updates. A Feb 10 launch of Nasdaq Private Capital Indexes coincided with a -4.39% move, suggesting some skepticism toward new product launches. Later in February, short‑interest statistics on Feb 10 and Feb 25 produced moves of -2.53% and +5.48%, respectively, despite neutral content. The Feb 25 Investor Day, where Nasdaq raised medium‑term growth outlooks, saw a +3.55% reaction. Today’s Nasdaq Texas dual‑listing news fits into this pattern of structural and platform‑expansion updates.
Market Pulse Summary
This announcement highlighted the full operational launch of Nasdaq Texas and Nasdaq, Inc.’s own dual listing there, underscoring a structural commitment to Texas‑based capital formation. It follows recent strategy and outlook updates, including raised medium‑term revenue targets at Investor Day. Investors may monitor how many issuers adopt dual listings, any change in trading volumes, and how this platform interacts with Nasdaq’s existing technology and listings ecosystem over time.
Key Terms
dual listing financial
AI-generated analysis. Not financial advice.
Nasdaq Texas Celebrates Official Launch with the Nasdaq Stock Market Closing Bell at the Alamo with the First Cohort of Dual Listings
Nasdaq, Inc. to Dual List on Nasdaq Texas Alongside Inaugural Group
SAN ANTONIO, March 05, 2026 (GLOBE NEWSWIRE) -- Nasdaq Texas will mark another milestone by ringing the Nasdaq Closing Bell at The Alamo, San Antonio, Texas, commemorating the 190th anniversary of the Battle of the Alamo and the full operational launch of Nasdaq Texas following approval of its listing rules from the U.S. Securities and Exchange Commission (SEC). This launch provides U.S. public companies with a Texas-based exchange designed to allow issuers to leverage the state’s business-friendly environment while maintaining access to Nasdaq’s suite of services and technology solutions.
The ceremony, which will be attended by Governor Greg Abbott and Lt. Governor Dan Patrick, celebrates several defining milestones: the official launch of Nasdaq Texas, the introduction of the first cohort of companies that will dual list on Nasdaq Texas and the announcement that Nasdaq, Inc. (Nasdaq: NDAQ) will dual list on Nasdaq Texas.
Held at one of Texas’ most historic landmarks, the event honors the state’s legacy of leadership and resilience while looking ahead to the future of modern capital markets.
A Foundational Commitment to Texas
Nasdaq Texas is now fully operational as a dual listing exchange and legally domiciled in the state. This milestone represents a long-term, structural commitment, aligning the exchange’s governance, operations, and strategy with Texas’ continued economic growth and leadership in capital formation.
Nasdaq Texas is designed to serve companies across sectors including technology, energy, industrials, life sciences, and financial services, providing access to deep liquidity, global investors, unparallelled market structure and technology solutions, all from a foundation rooted in Texas.
Introducing the First Cohort of Dual Listings
The first cohort of companies that are expected to dually list on Nasdaq Texas will join Nasdaq leadership to ring the Closing Bell at the Alamo. Together, they reflect the breadth and dynamism of Texas’ economy and help define the next era of capital formation in the state.
Participating companies include:
- APA Corporation (Nasdaq: APA)
- Construction Partners Inc. (Nasdaq: ROAD)
- J.B. Hunt Transportation Services (Nasdaq: JBHT)
- Huntington Bancshares (Nasdaq: HBAN)
- ProFrac Services (Nasdaq: ACDC)
In addition, Nasdaq, Inc. (Nasdaq: NDAQ) will dual list on Nasdaq Texas, underscoring its confidence in the platform and aligning the company with the same structure it offers issuers.
Executive Commentary
“The full launch of Nasdaq Texas represents a permanent, foundational commitment to the companies that want to build the future of the U.S. economy from this state,” said Rachel Racz, SVP and Head of Listings for Texas, Central and Southern U.S., and Latin America. “By being part of this community, Nasdaq is aligning itself with the leadership, resilience, and growth that define Texas. We are proud to welcome our first cohort of dual-listed companies and look forward to supporting them with the full strength and capabilities of Nasdaq Texas.”
“APA Corporation is proud to be part of the inaugural group of companies dual listing on Nasdaq Texas. This milestone reflects our deep roots in Texas and our continued commitment to disciplined capital allocation and long-term value creation for our shareholders,” said John J. Christmann IV, CEO of APA Corporation. “We are pleased to support the launch of Nasdaq Texas and to participate in this historic Closing Bell ceremony at the Alamo alongside fellow issuers.”
“As a lifelong Texan and long‑time builder of Sunbelt businesses, I’m proud to see a U.S. exchange designed to reflect Texas’ business‑friendly environment while leveraging Nasdaq’s world‑class technology and reach. At SunTx, we’re fortunate to partner with exceptional management teams like Construction Partners, a charter member of Nasdaq Texas. Under the leadership of Governor Greg Abbott and Lt. Governor Dan Patrick, Texas continues to set the pace for innovation, opportunity and enterprise, and we’re proud to help build on that momentum,” said Ned N. Fleming, III, Founder of SunTx Capital Partners and Executive Chairman of Construction Partners.
“Huntington Bancshares is proud to be among the first companies, and the first bank, to be listed on Nasdaq Texas, and we’re thrilled to take this next step with them,” said Steve Steinour, Chairman, President and CEO of Huntington Bancshares, Inc. “Texas represents growth, innovation and an entrepreneurial spirit that aligns perfectly with our purpose to make people’s lives better, help businesses thrive and strengthen the communities we serve.”
"J.B. Hunt is proud to be among the first companies to hold a dual listing with Nasdaq Texas. As the largest domestic intermodal and dedicated provider in North America and with significant scale in our Truckload, brokerage, and Final Mile businesses, we have deep roots in the region and support the full supply chain from the first mile to the last mile,” said Shelley Simpson, president and CEO of J.B. Hunt. “When our customers grow here, we grow here as well by investing in people, technology, and capacity to support their needs. This moment represents a meaningful opportunity, and we’re excited to align with the leadership driving economic growth across Texas. We look forward to what this means for the future of the U.S. economy and all that lies ahead.”
“It is an honor to represent ProFrac and my family at a celebration of Texas heritage. Our roots are here, our people are here, and we are proud to continue building companies that contribute to the strength and future of the Texas economy,” said Matt Wilks, Executive Chairman, ProFrac Services.
Frequently Asked Questions
What is Nasdaq Texas?
Nasdaq Texas is a dual listing venue that expands Nasdaq’s presence in the state by providing companies with the ability to list on an exchange formed under Texas law while maintaining access to Nasdaq’s global platform, technology, and market infrastructure. It reflects Nasdaq’s long-term investment in Texas and its commitment to supporting capital formation across the region.
Who is Nasdaq Texas designed for?
Nasdaq Texas is designed for publicly traded companies that want to align with the Texas economy, operate within the state’s business-friendly governance environment, and maintain access to Nasdaq’s full suite of global capabilities, liquidity, and investor reach.
What are the benefits of dual listing on Nasdaq Texas?
Dually listing on Nasdaq Texas is a seamless process that allows companies to:
- Align with Texas’ corporate governance framework and business environment
- Maintain access to Nasdaq’s deep liquidity and global investor base
- Leverage Nasdaq’s advanced market technology
- Increase visibility within one of the fastest-growing economic regions in the United States
More information here: https://www.nasdaq.com/nasdaq-texas
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions, and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.
Nasdaq Media Contact
Michelle Mendiola
michelle.mendiola@nasdaq.com
+1 646 634 8350
Cautionary Note Regarding Forward-Looking Statements:
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to the launch of the Nasdaq Texas exchange and the benefits to listing on Nasdaq Texas. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, geopolitical instability, government and industry regulation, interest rate risk, and U.S. and global competition. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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FAQ
What exactly launched on March 5, 2026 for Nasdaq Texas (NDAQ)?
Which companies are in the inaugural dual-listing cohort on Nasdaq Texas (NDAQ)?
Will Nasdaq, Inc. (NDAQ) be listed on Nasdaq Texas and why does that matter?
What benefits does dual listing on Nasdaq Texas offer for shareholders of NDAQ-listed companies?
Who attended the Nasdaq Texas launch event on March 5, 2026, and what was emphasized?
