Overview
- Posting late Sunday on Truth Social, President Donald Trump labeled the NYSE expansion to Texas “unbelievably bad” for New York and said it is a “big test” for Mayor Zohran Mamdani.
- Intercontinental Exchange launched NYSE Texas in 2025 as a secondary listing venue, drawing multiple dual listings including Halliburton and Trump Media & Technology Group.
- ICE reports that Texas now hosts more NYSE-listed companies than any other state, representing more than $3.7 trillion in market value led by Oracle, Exxon Mobil, and Chevron.
- The mayor of New York City has no direct authority over stock exchanges, which fall under federal regulation by the Securities and Exchange Commission.
- Texas officials cite opposition to ESG-driven constraints as a draw for companies, with recent corporate moves including Tesla’s reincorporation in Texas after a Delaware court dispute.