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New York Stock Exchange (NYSE) Signals Willingness to Relocate Servers to Avoid Proposed New Jersey Financial Transaction Tax


the staff of the Ridgewood blog

Mahwah NJ, On September 26th, next Saturday, all U.S.-based stock exchanges will simulate a day’s worth of trading using their backup sites in the Midwest. The test is a dry run for relocating the data processing permanently should New Jersey go through with its new financial transactions tax, which targets New York-based stock exchanges that currently rely on electronic infrastructure located across the river in New Jersey.