NYSE President Lynn Martin joins ‘Mornings with Maria’ to discuss the launch of a new tokenized securities platform, a potential IPO wave in 2026 and why U.S. capital markets remain unparalleled globally.
The New York Stock Exchange’s quiet expansion into Texas is quickly gaining traction, with NYSE President Lynn Martin revealing that more than 100 companies have already dual-listed on NYSE Texas in less than a year — a milestone that underscores Wall Street’s accelerating pivot toward the Lone Star State’s pro-business climate.
“It’s going great,” she continued.
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Earlier this week, President Donald Trump denounced plans to expand the New York Stock Exchange to Dallas, calling the move “incredibly bad” for New York and failing city leadership.
The state flag of Texas will be flown at half-mast outside the New York Stock Exchange (NYSE) on Tuesday, May 31, 2022. (Getty Images)
“Building a New York Stock Exchange in Dallas is an incredibly bad thing for New York. I can’t believe they would let this happen,” Trump wrote in a Truth Social post. He added that the move presented a “major test” for newly inaugurated New York Mayor Zohran Mamdani.
The New York Stock Exchange has said the expansion of Dallas – a fully electronic stock exchange based in Dallas – is intended to expand its footprint and better serve companies in the South and Southwest, and not to replace its New York operations. NYSE Texas launched in March 2025 and continues to operate alongside the main exchange.
Dallas Mayor Eric Johnson predicts that major corporations will stop working in the Big Apple on “Maria Bartiromo’s Wall Street.”
“So many companies have taken the opportunity to do a dual listing on NYSE, all the floor protection, everything… and also a listing on NYSE Texas,” Martin said. “The advantage of being dual-listed on NYSE Texas is that you can take advantage of all that pro-business legislation Governor [Greg] Abbot has issued around shareholder rights, around… lawsuits, around the protection of the top management of existing companies.”
In addition, NYSE Texas’ growth coincides with a broader recovery in IPO and stock market activity, said Martin, who described a potential “super cycle” for capital markets in 2026.
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“We’re seeing demand from all sectors. It feels like it’s going to be something of a super cycle year when you look at the number of deals coming to market,” she noted. “Now I’m not just talking about the mega IPOs, which may or may not come to market, but there is huge demand for companies that are behind, companies that are on the sponsorship books, but also companies that have been wanting to go for a while and have put plans on hold because of the volatility.”
“I am incredibly optimistic about 2026 for the capital markets and for the U.S. economy,” Martin added.
