Fact Check: Does New York Stock Exchange plan to relocate to Texas after Zohran Mamdani's win?

NEW YORK CITY, NEW YORK: A viral claim says that the New York Stock Exchange (NYSE) has announced it is relocating from its 230-year-old base in New York City to Texas. 

As per widely circulated posts, the decision stems from Zohran Mamdani's victory in the New York mayoral election. But how much of this story is actually true? Let's find out. 

Claim: NYSE filed for relocation to Texas after Zohran Mamdani's mayoral victory

The narrative emerged via a post on the social platform X (formerly Twitter) on November 6, 2025, from the account “@Saxon_African”. 

The post alleged that NYSE had filed for relocation “to Texas” following Mamdani’s victory, and claimed the mayor’s election had caused New York City to lose billions and hand jobs and businesses to Republican states.

Similar narratives have circulated for some time, suggesting that the 34-year-old's Democratic socialist identity and potential election victory would drive capital and businesses to move south.

Another post claimed, "WALL STREET IS PANICKING and Texas is WINNING! Texas now has MORE finance jobs than all of New York after NYC just elected Muslim Socialist Zohran Mamdani's insane demands. • Rent freezes • Free public transport • Universal childcare • Government owned/run grocery stores • 'Public banking' (aka government control of YOUR money) • Mass tax hikes on the wealthy."

It added, "Full-blown SOCIALISM coming to America's largest city and Wall Street's MASS EXODUS begins. When NYC elects a socialist who promises 'free everything' paid for by taxing producers into oblivion, those producers DON'T STAY! They leave, take their jobs, their tax revenue and their wealth leaving NYC to fall like Detroit. America needs to wake up!"

Fact Check: NYSE announced relocation from New York City to Texas after Zohran Mamdani's win

Despite the attention the posts received, no announcement was made by the NYSE about relocating its main operations from New York City to Texas.

Instead, what did occur is that the Intercontinental Exchange (ICE), which owns and operates the NYSE, announced in February 2025 that it would relocate its NYSE Chicago division to Texas.

As part of this move, ICE also revealed plans to launch a fully electronic trading venue called “NYSE Texas,” headquartered in Dallas.

In March, the exchange announced that it had begun operations and that Trump Media had listed its stock through the Texas platform.

The press release made no mention of the NYSE leaving New York’s Wall Street headquarters. The “relocation” described was for NYSE Chicago, not the main NYSE headquarters.

The press release from ICE also makes no mention of moving the entire New York Stock Exchange.

This announcement was made months before the election, at a time when polls showed Mamdani’s support still in the low single digits. 

According to Quinnipiac University’s March 2025 survey, the democratic socialist had the support of only eight percent of respondents in the Democratic mayoral primary.

Similarly, the UK’s Channel 4 News reported that Mamdani’s support in February stood at just one percent among those surveyed about the mayoral race, in which he was one of several candidates seeking the Democratic nomination.

Furthermore, a review of news sources in the Google News index revealed no credible reports of the NYSE moving from New York City. Such a move would have made major financial headlines, considering the NYSE’s longstanding presence and significance in the city.