Donald Trump Criticizes New Dallas Exchange After Operational Milestone

NYSE Texas secured ten dual-listed companies during its first quarter. Donald Trump criticized the Dallas venue as an unbelievably bad move for New York City.

Insights:
The NYSE Texas exchange, operated by Intercontinental Exchange in the United States USUS, marked a significant operational milestone following its launch in early 2025 by securing 10 dual-listed companies within its first three months. The venue, based in Dallas, served as a secondary listing destination for major firms, though it quickly drew political scrutiny. On January 18, 2025, Donald Trump donald trumppublicly criticized the project, expressing concerns over its impact on the financial dominance of New York City.
In a post on Truth Social, Donald Trumpstated that building a New York Stock Exchange in Dallas was an unbelievably bad thing for New York. He characterized the development as a big test for the new Mayor, framing the geographical shift in market infrastructure as a direct challenge to the city's status as a global financial hub. The criticism came just as the Dallas-based exchange began to gain traction in the marketplace.
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