New York NY: May 15th 2025: Zohran Mamdani attends the Freeze The Rent rally at Riverside Church Credit: Katie Godowski/MediaPunch

Business

As New York City elects a socialist mayor, family offices back a Texas stock exchange

Leading US bank JP Morgan has joined a clutch of billionaires and their family offices in backing a Texan trading platform out to steal business from New York Stock Exchange and Nasdaq.

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