/biz/ - Business & Finance

>Texas now rivals New York as a finance hub
>The country’s largest bank has 31,500 employees in the Lone Star State following an expansion over the last decade highlighted by a four-building, 1-million-square-foot campus in Plano, a suburb of Dallas. That is 2,600 more than it has in New York.
>This tally counts jobs directly tied to the banking industry — like analysts, loan officers, and financial managers — and does not include the insurance and real estate sectors.
>One attraction is that financial giants can save money by moving more employees to Texas. The pay discount for financial workers in Dallas is 10% to 15% when compared with New York, though this discount narrows for more senior positions, according to Chris Connors, a principal with Johnson Associates.

My thought is that as we continue the process of deglobalization and swing more conservative and protectionist, South America will be a key player due to their considerable reserves of oil, copper, and silver, though it's anyone's guess whether it happens in one year, five years, or twenty years. Texas is the southernmost US state and has strong ties to Mexico, which is a manufacturing hub, and Texas itself has strong exports in petrochem and agriculture.

Also, how long until FX/futures open?