NYSE Exchanges to Prepare for Potential Move From New Jersey
- Governor Murphy had said he was ‘very serious’ considering tax
- New Jersey is home to Wall Street’s massive data server farms
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The New York Stock Exchange said it will test its ability to operate outside of New Jersey as the state considers a tax on financial transactions.
The exchange, in coordination with Nasdaq Inc., Cboe Global Markets Inc. and other industry participants, will conduct a test of all its exchanges operating from their secondary locations on Sept. 26. NYSE will operate NYSE Chicago from its secondary data-center from Sept. 28 to Oct. 2, to “confirm the industry’s ability to seamlessly move live trading out of New Jersey,” according to a statement.