Velocity Financial announces dual listing on new Texas stock exchange
Westlake Village-based Velocity Financial, a leader in investor real estate loans, announced Aug. 13 that it will be one of the founding members of the new electronic equities exchange, NYSE Texas. Its common stock will be dual listed on the new exchange, headquartered in Dallas.
Velocity will maintain its primary listing on the New York Stock Exchange and continue to trade under the same ticker symbol, “VEL,” on the NYSE and NYSE Texas.
“We are pleased to join the NYSE Texas as a Founding Member, strengthening our roots in the state and we are excited to further support Texas business development with this dual listing,” said Chris Farrar, Velocity’s CEO.
Set to open in 2026, the launch of NYSE Texas highlights the growing financial landscape in Dallas, which has been dubbed “Y’all Street.” The new exchange is backed by major investors like BlackRock and Citadel Securities.
Recently, the Nasdaq has also expanded its presence in Dallas, opening a new regional headquarters in March 2025.
“Texas is the most powerful economy in the nation,” Texas Governor Greg Abbott said in a February press release, “and now we will become the financial capital of America. With the launch of NYSE Texas, we will expand our financial might in the United States and cement our great state as an economic powerhouse on the global stage.”
“As the state with the largest number of NYSE listings, representing over $3.7 trillion in market value for our community, Texas is a market leader in fostering a pro-business atmosphere,” said Lynn Martin, president, NYSE Group. “We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward.”
