NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades

The New York Stock Exchange is signaling that it will move its electronic trading systems out of New Jersey if the state implements a proposed tax on financial transactions.

The NYSE said Friday that it will run one of its exchanges from a backup site in Chicago for a week as a demonstration of its readiness to quit the state, according to a notice sent to clients.


Be the first to comment

Leave a Reply

Your email address will not be published.