Texas: Governor Abbott Rings Closing Bell At New York Stock Exchange

~ Today, Governor Greg Abbott of Texas rang the closing bell at the New York Stock Exchange (NYSE) to celebrate the launch of Texas Capital Bank's new Exchange-Traded Fund (ETF) & Funds Management division and flagship Texas Capital Texas Equity Index ETF (NYSE Arca: TXS). This marks the first time a state has its own ETF.

"It's about time Texas has its own ETF," said Governor Abbott. "Texas, Texans, and Texas businesses need access to capital. One way to provide that access to capital and expand capitalism in the state of Texas is through its own ETF—and all of you are making that happen here today."

The Governor was joined by Texas Capital Bank President and CEO Rob C. Holmes, NYSE Vice Chairman and Chief Commercial Officer John Tuttle, members of the Texas Capital Funds Trust, and other Texas Capital executives. Vice Chairman Tuttle presented Governor Abbott with a NYSE medallion in recognition of this historic event.

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On the trading floor with hundreds of investors, floor brokers, and other stock traders, Governor Abbott signed the historic Book of Distinguished Guests of the New York Stock Exchange before ringing the closing bell. Afterward, he participated in "tagging the wall" - a tradition in which distinguished guests commemorate ringing the closing bell by writing on the wall in a stairwell behind the podium.

This is not Governor Abbott's first visit to NYSE; he had previously visited during an economic development mission in 2015. In 2017, he also hosted former NYSE President Tom Farley at his residence - The Governor's Mansion.

TXS enables investments in the Texas economy by providing an opportunity to gain exposure to one of America's largest economies with an annual GDP of $2.35 trillion. At launch, TXS included a diversified group of more than 210 publicly traded companies.

Governor Abbott's visit today marks a significant milestone for both TXS and for Texans looking for access to capital investments within their own state economy.

Filed Under: Government, State

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