Political & Operational Update on NYSE Texas **Executive Summary** President Donald Trump has publicly criticized the establishment of the **NYSE Texas** in Dallas, citing potential economic erosion for New York and increased pressure on the city's mayoral administration. Despite the political rhetoric, the exchange has demonstrated early operational momentum since its launch in early 2025. **Key Highlights** * **Political Context:** The Former President characterized the Dallas expansion as a direct challenge to New York's financial dominance and a significant obstacle for local leadership. * **Market Traction:** NYSE Texas has secured **10 dual listings** shortly after opening. * **Notable Participants:** The initial cohort includes industry heavyweights such as **Halliburton** and **Trump Media & Technology Group**.