Nasdaq Texas Launches Inaugural Advisory Board: A New Era for Texas Capital Markets
Austin, Texas – June 25, 2026 – In a strategic move to enhance its presence in the Lone Star State, Nasdaq Inc. has officially announced the formation of its inaugural Advisory Board for Nasdaq Texas. This pivotal development follows the launch of its dual-listing venue and aims to bolster the support for the Texas business community. Comprising a diverse group of influential leaders from various sectors, the board is tasked with guiding Nasdaq Texas's strategic direction in capital formation, governance, and economic growth.
1. Strengthening the Institutional Framework
The establishment of the Advisory Board marks a significant step toward solidifying Nasdaq Texas's role in the ever-evolving Texan economy. With Texas increasingly recognized as a global hub for innovation and entrepreneurship, this board is designed to foster meaningful discussions and insights into the dynamics shaping capital markets in the region.
Rachel Racz, President of Nasdaq Texas, emphasized the board's critical function: "The Advisory Board we are announcing today is how we ensure this exchange continues to rise to meet the moment. Each member was selected intentionally for their leadership and deep engagement in this state. Together, we’ll shape our approach to capital formation, governance, and the long-term growth of Texas capital markets."
2. Meet the Advisory Board Members
The board will be chaired by Ed Knight, Executive Vice Chairman of Nasdaq and a veteran in market structure and regulatory policy. His extensive experience includes a tenure as Nasdaq's General Counsel, where he was instrumental in significant reforms such as the passage of the JOBS Act.
Prominent Members Include:
- Danny David: Managing Partner of Baker Botts, Danny is a seasoned attorney specializing in securities and shareholder litigation. His leadership role at Baker Botts, coupled with his involvement in various civic boards, positions him as a vital asset to the Advisory Board.
- Danny Wesson: As Executive Vice President and COO of Diamondback Energy, Danny brings a wealth of experience in public company operations and investor relations. His expertise in scaling businesses will be crucial as Nasdaq Texas looks to attract and support growth-oriented companies.
- Jay Brown: The CEO of David Weekley Homes, Jay has a deep understanding of corporate strategy and governance. His insights will be invaluable as the board seeks to enhance its strategic initiatives.
- Jill Lampert: Serving as the CFO and Administrative Officer of NGP Energy Capital Management, Jill's extensive background in energy investing and governance will help shape Nasdaq Texas's approach to capital allocation.
- Pat Frost: A fifth-generation Texas banking leader, Pat's previous role as President of Frost Bank equips him with insights into public and private company growth, making him a key contributor to the board's objectives.
3. Executive Insights
The Advisory Board's formation has been met with enthusiasm from its members, who recognize the importance of fostering a robust capital market ecosystem in Texas.
Ed Knight remarked, "Texas has earned its place at the center of American capital markets — and the companies choosing this state deserve an exchange and an advisory structure that takes that seriously."
Jill Lampert added, "Texas remains the place where the future of energy is being built, and the companies leading that work want to scale here. I'm glad to help Nasdaq Texas strengthen the capital-formation infrastructure."
4. Recent Momentum and Future Prospects
The launch of the Advisory Board coincides with significant achievements for Nasdaq Texas, including the recent dual listing of SpaceX, which set the record as the largest IPO in history. This development underscores Texas's growing appeal as a destination for companies seeking to raise capital and expand their operations.
As Nasdaq Texas continues to build on its momentum, the formation of the Advisory Board represents a commitment to engaging with the local business community and enhancing the exchange's capabilities in serving a diverse range of clients.
With a strong institutional foundation now in place, Nasdaq Texas is well-positioned to lead in shaping the future of capital markets in Texas, fostering innovation, and sustaining growth in an increasingly competitive landscape.
For more information about Nasdaq Texas and its initiatives, visit Nasdaq Texas.
