On the heels of the New York Stock Exchange, another stock market player is joining Texas’ Wall Street soon: The financial institution Nasdaq is coming to Dallas, where it will set up a regional headquarters office.

The company, currently based in New York, is the third to join Texas’ so-called economic hub Y’all Street, which features both the New York Stock Exchange (NYSE) and Texas Stock Exchange.

According to a release, Nasdaq made the announcement during a luncheon on March 18 honoring Ross Perot Jr. for his contributions to the Texas economy with Governor Greg Abbott, Ross Perot Jr. in attendance.

Nasdaq is a stock market and global technology company that serves investment managers, banks, and brokers. They chose Dallas because out of their 2,000 clients, 800 are located in Texas, plus they have 200 listed companies that operate within the state contributing to $1.98 trillion in market capital.

Texas is especially ideal, boasting the eighth largest economy in the world valued at $2.6 trillion, according to the Texas Office of the Governor.

“Nasdaq is deeply ingrained in the fabric of the Texas economy, and we look forward to maintaining our leadership as the partner of choice for the state’s most innovative companies,” says Adena Friedman, Chair and CEO of Nasdaq, in a statement. “Beyond our listings franchise, we are proud to support a wide network of clients who trust us to help solve their most complex challenges.”

This announcement comes one month after the NYSE made its move known and six months after the Texas Stock Exchange was announced. The Texas Stock Exchange will begin trading in Dallas in 2026, pending approval from the U.S. Securities and Exchange Commission.

“Under the leadership of Governor Abbott, the Texas Miracle has made Texas synonymous with innovation-led growth and smart regulation,” says Executive Vice Chairman of Nasdaq Ed Knight in a statement. “We share his commitment to these principles and will continue to advocate passionately on our clients’ behalf. As a result, we will take any action needed to ensure our clients enjoy the same benefits as all other companies in the state.”

The Nasdaq, like the rest of the stock market, will operate electronically.