The New York Stock Exchange (NYSE) has gone to Texas, and President Donald Trump's company has gone with it.

The iconic equities trading operation owned by Intercontinental Exchange (ICE) announced it has opened NYSE Texas in Dallas with the first listing: Trump's social media firm, Trump Media & Technology Group, or TMTG (DJT). 

NYSE Texas is the first securities exchange to open in the Lone Star State, and NYSE Group President Lynn Martin said that the new offering "will allow companies to capitalize on the pro-business dynamics in Texas."

Texas Is Home to Most NYSE-Listed Companies of An🐬y State

NYSE noted t🐻hat Texas is home to more NYSE-listed companies than any other state, representing more than $3.7 trilli🌄on in aggregate market value.

TMTG CEO Devin Nunes praised Texas' climate for business and entrepreneurship, adding that 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 stock will continue to be primarily listed on the New York-based NYSE, while being dually listed🅠 on NYSE Texas.

Intercontinental Exchange shares hit an all-time high last week but lost ground today amid a broad selloff, as did those of Trump Media & Technology Group.