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Banks ,Brokerages ,Major Stock and Commodities Exchanges Plot Moves to Leave New Jersey

the staff of the Ridgewood

Mahwah NJ, Banks ,Brokerages ,Major Stock and Commodities Exchanges Plot Moves to Leave New Jersey. Texas Governor Greg Abbott will welcome representatives from major stock exchanges, including Nasdaq, to Austin on Nov. 20 as the state makes a bid to be the top choice if the exchanges make good on threats to move their trading platforms out of New Jersey.

The Texas governor’s office confirmed the meeting, touting the state’s business-friendly environment. “Texas continues to be the premier economic destination in the country, attracting more leading businesses than any other state,” spokeswoman Renae Eze said in a statement to The News. “The governor looks forward to meeting with Nasdaq and showcasing Texas’ business-friendly environment, skilled workforce, robust infrastructure, and low taxes, all of which foster greater economic growth in the Lone Star State.”

The group meeting with Abbott calls itself the Coalition To Prevent the Taxing of Retirement Savings, according to two sources familiar with the discussions but not authorized to speak publicly. The coalition includes Nasdaq, CBOE Global Markets, Citadel Securities, data center operator Equinix, IEX, Members Exchange, New York Stock Exchange owner Intercontinental Exchange, TD Ameritrade Holding Corp., Virtu Financial and UBS.
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