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Is Nasdaq moving some of its operations to D-FW? Governor says talks held for state

"They want to flee high taxes," Gov. Greg Abbott said.
Credit: Bloomberg Finance LP
Nasdaq could be looking for a new home.

Could North Texas be getting some of Nasdaq’s systems?

Gov. Greg Abbott said Tuesday that the Lone Star State could be in the mix.

“I've been talking with the Nasdaq stock exchange about moving some of their operations to Texas,” Abbott said in the message on Twitter. “They want to flee high taxes. I let them know that we just passed a constitutional amendment banning an income tax in Texas.”

The tweet came after a story in the Dallas Morning News reported Nasdaq is in discussions with Abbott about potentially relocating the exchange’s electronic trading systems from New Jersey to Dallas-Fort Worth, citing two sources familiar with the discussions. Also, other trading exchanges could be involved in discussions.

The exchange is "intrigued by an opportunity" championed by the governor to power its infrastructure with energy from wind, according to one of the sources, the story said.

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