The New York Stock Exchange has expanded its presence to Texas by launching NYSE Texas in Dallas and listing Trump Media & Technology Group as its first company. President Lynn Martin stated that this move would enable businesses to take advantage of the favorable business environment in Texas. Trump Media & Technology Group will maintain its primary listing on the NYSE in New York and will have a dual listing on NYSE Texas. Texas is home to the highest number of NYSE-listed companies in the nation, with a combined market value of over $3.7 trillion. TMTG's CEO Devin Nunes praised Texas for its business-friendly climate and indicated that their decision to list in Texas, alongside plans to reincorporate in Florida, reflects a trend of moving their operations to states that prioritize free enterprise and personal freedom. While Intercontinental Exchange shares reached a record high recently, they experienced a decline along with Trump Media & Technology Group's stocks amidst a general market downturn.