The New York Stock Exchange on Monday named Bryan Daniel as the president of NYSE Texas, adding political experience to its leadership ranks as it seeks to expand in the state and counter rivals.

The New York Stock Exchange, part of Intercontinental Exchange (NYSE:ICE), appointed Bryan Daniel as president of its new Texas-based stock exchange, it said on Monday. Daniel, who will report directly to NYSE Group President Lynn Martin,

A former high-ranking official in the governor's administration is one of leaders poised to run "Y'all Street."

The New York Stock Exchange said on Monday it has named Bryan Daniel, a former staffer of Texas Governor Greg Abbott, as the president of NYSE Texas. The move comes months after Intercontinental Exchange-owned NYSE said it would launch in Texas,