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NYSE Threatens to Move Data-Center Systems Out of New Jersey Over Proposed Tax

Wall Street Exchange Will Test Handling Trading Transactions From Chicago
Trading on the floor of the New York Stock Exchange resumed in May after a two-month closing because of the pandemic. (Getty Images)
Trading on the floor of the New York Stock Exchange resumed in May after a two-month closing because of the pandemic. (Getty Images)
CoStar News
September 12, 2020 | 1:40 P.M.

New Jersey commercial real estate and business trade groups blasted a proposed state tax on stock trades that's prompted the New York Stock Exchange to threaten to move its electronic-trading systems out of the Garden State and away from its data centers.

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