Texas' Abbott Touts Dallas Finance Hub as New Bourse Makes Hires [Yahoo! Finance]
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Source: Yahoo! Finance
(Bloomberg) -- Texas Governor Greg Abbott said the upstart Texas Stock Exchange will help transform Dallas into the country's top financial center and boost businesses' access to capital. Most Read from Bloomberg “Dallas, Texas, is already a massive financial center, but when you put a stock exchange in there, that will make it really the financial heartbeat of the entire country,” Abbott said Tuesday in an interview. “It's going to completely transform Dallas.” Abbott, a Republican, said he's working to change perceptions of the US financial landscape outside of New York, noting that Texas now has more people employed in financial services than the Empire State. He said the robust expansion of data centers over the past few years in Texas will help facilitate rapid transaction speeds once the exchange is operational. Abbott spoke a day after meeting with officials from the new bourse, who announced hires from Charles Schwab Corp., Nasdaq Inc. and the New York Stock Exchange
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