News | 09.21.20
NASDAQ Tests New Jersey Exit in Fight Against Trading Tax
NASDAQ will temporarily move some operations to Chicago, escalating a dispute with New Jersey over a proposed tax on trades. NASDAQ’s PSX exchange will move to Chicago the week of October 26, according to a memo to traders. The move “will allow firms to gain additional confidence that they can react quickly in the event that NASDAQ decides to move the operation of all its market centers to its Chicago data center,” the company said.
Read the full article on Bloomberg.