Trump Criticizes NYSE's Dallas Expansion as 'Unbelievably Bad' for New York
Trump has criticized NYSE Texas in Dallas as 'unbelievably bad' for New York, questioning how authorities allowed the exchange to proceed. The Dallas-based exchange, operated by Intercontinental Exchange, opened in 2025 and attracted 10 dual listings in its first three months, including Halliburton and Trump Media & Technology Group. Neither Intercontinental Exchange nor New York officials immediately responded to requests for comment.
*this image is generated using AI for illustrative purposes only.
Trump has publicly criticized the establishment of NYSE Texas in Dallas, describing it as an "unbelievably" bad development for New York. In a post on Truth Social, Trump expressed disbelief that authorities would allow such a development to proceed, calling it "a big test for the new Mayor."
NYSE Texas Operations and Performance
NYSE Texas, owned and operated by Intercontinental Exchange, officially commenced business operations in 2025. The Dallas-based exchange has demonstrated early success in attracting companies for secondary listings, positioning itself as an alternative venue to the traditional New York Stock Exchange.
| Performance Metric: | Details |
|---|---|
| Operational Period: | First three months of 2025 |
| Total Dual Listings: | 10 companies |
| Exchange Owner: | Intercontinental Exchange |
| Location: | Dallas, Texas |
Notable Company Listings
The exchange has attracted significant corporate interest, with several prominent companies choosing to establish dual listings on the platform:
- Halliburton: Major oilfield service company
- Trump Media & Technology Group: Parent company of Truth Social platform
- Eight additional companies: Various sectors represented
Market Context and Industry Response
Intercontinental Exchange had announced its intention to add Texas as a venue for secondary listings, marking a strategic expansion beyond its traditional New York operations. The move represents a significant development in the U.S. exchange landscape, offering companies additional listing options outside the established New York financial hub.
Official Responses
Neither Intercontinental Exchange nor the New York mayor's office provided immediate responses to requests for comment regarding Trump's criticism of the Dallas exchange expansion. The lack of immediate official response suggests the matter may require further consideration from relevant stakeholders.
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