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

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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.