The New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. (NYSE: ICE), today announced the official launch of NYSE Texas, marking a historic moment as the first securities exchange to operate in the state. Trump Media & Technology Group (TMTG), the parent company of Truth Social, has made waves by becoming the inaugural company to join the NYSE community through a listing on NYSE Texas.
Lynn Martin, President of NYSE Group, expressed enthusiasm about the new development, stating, “We are thrilled to open NYSE Texas to corporate issuers and to welcome Trump Media & Technology Group to our NYSE community through a NYSE Texas listing. This new offering will allow companies to capitalize on the pro-business dynamics in Texas, and we applaud Trump Media, Governor Abbott, and the state of Texas for their commitment to supporting innovation in U.S. capital markets.”
TMTG’s CEO and Chairman, Devin Nunes, highlighted the significance of the move, saying, “We’re honored to become the initial listing for NYSE Texas, which is a great fit for TMTG as we diversify into financial services and other realms. Texas provides a fantastic climate for business and entrepreneurship that aligns with TMTG’s mission. This listing, alongside our plans to reincorporate in Florida, shows we’re part of a growing movement to take our business to states that value free enterprise and personal freedom.”
Texas is already home to the largest concentration of companies listed on the NYSE, collectively representing more than $3.7 trillion in market value. The state will also become the new headquarters for NYSE Texas in Dallas, further cementing Texas’ status as a significant player in the financial world. The opening of NYSE Texas is expected to capitalize on the state’s rapidly growing economy, strong population growth, and pro-business policies.
TMTG’s decision to list on NYSE Texas, while maintaining its primary listing on the Nasdaq, signals the company’s commitment to expanding its presence in the Lone Star State. The company will be dually listed on NYSE Texas under the ticker symbol “DJT.”
Despite being in its developmental phase, with the exchange officially slated to launch in 2026, NYSE Texas has already made a mark in the financial world. Texas has increasingly become a focal point for financial activities, with major exchanges and firms eyeing the state’s potential. Notably, Nasdaq has also announced plans to open a regional headquarters in Texas, while the Texas Stock Exchange, backed by high-profile firms like BlackRock and Citadel Securities, is preparing for its own launch in 2026.
Derek Wilson, co-founder of Dallas Opportunity Partners, weighed in on the benefits of Texas as a business hub: “The Texas business-friendly environment provides a unique advantage for companies seeking less regulatory oversight.”
As Texas continues to emerge as a financial powerhouse, the opening of NYSE Texas marks just the beginning of a larger shift towards the state’s growing influence in global financial markets. The competition between major exchanges, including NYSE Texas and the upcoming Texas Stock Exchange, is likely to reshape the landscape of U.S. capital markets in the years to come.
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