NYSE Texas Opens for Business

Rhea-AI Summary

NYSE, part of Intercontinental Exchange (NYSE: ICE), has officially launched NYSE Texas, marking the first securities exchange to operate in Texas. Trump Media & Technology Group becomes the inaugural listing on NYSE Texas, maintaining dual listing under the symbol 'DJT'.

Texas, which hosts the largest number of NYSE-listed companies representing over $3.7 trillion in aggregate market value, will be home to NYSE Texas' new headquarters in Dallas. The exchange aims to leverage Texas' growing population, strong economy, and business-friendly environment.

NYSE Texas builds upon NYSE's 230+ years of experience as the world's leading exchange operator, offering listing opportunities to companies attracted to Texas' pro-business dynamics.

Positive

• ICE expands market presence with first-ever securities exchange in Texas
• Strategic location in Texas, home to largest number of NYSE-listed companies worth $3.7T
• Immediate market validation with first listing secured (Trump Media & Technology Group)

Negative

• None.

Insights

Financial Markets Expert

Intercontinental Exchange's launch of NYSE Texas represents a strategic geographic expansion that positions the company to capitalize on corporate migration trends toward business-friendly states. As the first securities exchange incorporated in Texas, ICE is establishing a potentially valuable foothold in a state that hosts the largest concentration of NYSE-listed companies, representing over $3.7 trillion in aggregate market value.

The selection of Trump Media & Technology Group as the inaugural dual-listing creates immediate visibility for the new exchange, though this single listing suggests the immediate revenue impact will be modest. This initiative allows ICE to deepen relationships with Texas-based corporations while potentially attracting companies seeking alternatives to traditional financial centers.

From a competitive standpoint, this move differentiates ICE from other major exchange operators by establishing regional presence aligned with shifting business demographics. While strategically sound, investors should note that building significant exchange liquidity and substantial listing revenue typically requires time. The announcement contains no financial projections or metrics regarding expected listing growth.

This development represents an incremental innovation within ICE's core exchange business rather than a transformative change. The long-term value will depend on NYSE Texas's ability to attract primary listings beyond dual-listing arrangements and generate meaningful transaction volume to complement ICE's established exchange ecosystem.

NYSE Texas is the First Securities Exchange to be incorporated in Texas

Trump Media & Technology Group Joins NYSE Texas

DALLAS--(BUSINESS WIRE)-- The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that NYSE Texas is officially open for business, becoming the first securities exchange to operate in Texas, with Trump Media & Technology Group as the first new company to join the NYSE community through a listing on NYSE Texas.

“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,” said Lynn Martin, President, NYSE Group. “This new offering, which we announced just last month, will allow companies to capitalize on the pro-business dynamics in Texas. We applaud Trump Media, Governor Abbott and the state of Texas on their commitment to supporting the innovation of U.S. capital markets.”

“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,” said TMTG CEO and Chairman Devin Nunes. “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.”

The State of Texas is home to the largest number of companies listed on the NYSE, representing more than $3.7 trillion in aggregate market value and will soon be home to NYSE Texas’ new headquarters in Dallas. Building on the NYSE’s more than 230 years of experience as the world’s leading exchange operator, NYSE Texas now provides a listing exchange to companies attracted to Texas’ growing population, strong economy and business-friendly agenda.

Trump Media and Technology Group will continue its existing primary listing and be dually listed on NYSE Texas under the symbol "DJT”.

For companies interested in listing on NYSE Texas, please visit https://www.nyse.com/markets/nyse-texas.

About Intercontinental Exchange

Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks that connect people to opportunity. We provide financial technology and data services across major asset classes helping our customers access mission-critical workflow tools that increase transparency and efficiency. ICE’s futures, equity, and options exchanges – including the New York Stock Exchange – and clearing houses help people invest, raise capital and manage risk. We offer some of the world’s largest markets to trade and clear energy and environmental products. Our fixed income, data services and execution capabilities provide information, analytics and platforms that help our customers streamline processes and capitalize on opportunities. At ICE Mortgage Technology, we are transforming U.S. housing finance, from initial consumer engagement through loan production, closing, registration and the long-term servicing relationship. Together, ICE transforms, streamlines and automates industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2024, as filed with the SEC on February 6, 2025.

Category: NYSE

Source: Intercontinental Exchange

ICE-CORP

View source version on businesswire.com: https://www.businesswire.com/news/home/20250331173085/en/

Media Contact:

Rebecca Mitchell

media@ice.com

ICE Investor Contact:

Katia Gonzalez

katia.gonzalez@ice.com

(678) 981-3882

Source: Intercontinental Exchange

FAQ

What is the significance of NYSE Texas becoming the first securities exchange in Texas?

NYSE Texas represents a strategic expansion into one of America's largest business markets, serving companies worth over $3.7 trillion in aggregate market value and capitalizing on Texas' pro-business environment.

How will Trump Media & Technology Group's dual listing on NYSE Texas impact its trading?

TMTG will maintain its existing primary listing while being dually listed on NYSE Texas under the symbol 'DJT', potentially increasing its market visibility and trading opportunities.

What are the key benefits for companies listing on NYSE Texas?

Companies listing on NYSE Texas can benefit from Texas' growing population, strong economy, business-friendly agenda, and NYSE's 230+ years of exchange operation expertise.

Where will NYSE Texas establish its headquarters?

NYSE Texas will establish its headquarters in Dallas, Texas, positioning itself in a major business hub with the largest concentration of NYSE-listed companies.