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Wall Street may move to Dallas
KSAT.com ^ | Published: November 10, 2020, 2:55 pm

Posted on 11/11/2020 1:56:35 PM PST by Hojczyk

DALLAS – Officials from Nasdaq and other major stock exchanges will meet with Gov. Greg Abbott on Nov. 20 in Austin to discuss a possible move from New Jersey to Texas, nbcdfw.com and the Dallas Morning News reported.

The meeting comes on the heels of the exchanges threatening to move their trading platforms out of New Jersey, the report said.

Abbott and other Texas officials plan to boast the state’s business-friendly environment during the meeting.

“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 Dallas Morning 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.”

According to The Dallas Morning News, Abbott’s office has been talking with Nasdaq and other exchanges about moving their data centers to Dallas because of a potential tax on financial transactions in New Jersey.

The proposed tax would charge a quarter of a cent per “financial transaction” at entities in New Jersey that process at least 10,000 transactions annually via electronic infrastructure, the Dallas Morning News reported. That tax would generate an estimated $10 billion annually for the state.


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: exchange; markets; stock; texas; trade
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To: taxcontrol
From an operational / DR perspective, Dallas is better than Houston (flooding) but worse than Austin (tornado).

Dallas got hit with tornado outbreak last October. They still haven't cleaned up. Suburbs to the east of Dallas were hit with a EF4 tornado the day after Christmas in 2015.

61 posted on 11/11/2020 2:43:28 PM PST by Nachoman (Following victory, its best to reload.)
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To: Gasshog

Not that this is going to come as a shock, but Dallas, Houston, Austin, and San Antonio has been BLUE for quite some time now. But luckily the people in power down in Austin are put there by the rest of the state.


62 posted on 11/11/2020 2:45:37 PM PST by skinndogNN
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To: SecondAmendment

When they register their cars in Texas they should be made to swear allegiance to the values of the great Republic of Texas. :>)


63 posted on 11/11/2020 2:49:41 PM PST by cradle of freedom (The ghetto is the new plantation.)
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To: Hojczyk

NO.
Move to Antarctica or Venezuela.


64 posted on 11/11/2020 2:52:38 PM PST by JCL3 (As Richard Feynman might have said, this is reality taking precedence over public relations.)
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To: CatOwner

“Texas GOP party has been pushing for out-of-state businesses to move to Texas the past decade.”

Who in actual F would do that and why? Greedy bastards.


65 posted on 11/11/2020 2:57:13 PM PST by Bonemaker (invictus maneo)
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To: volunbeer
Wow. What a blow to NYC this would be if it happens!

No It's a blow to Jersey, the servers are on our side of the river in case of another 911 attack.

66 posted on 11/11/2020 2:57:54 PM PST by fedupjohn (Waiting for Trump's new Caribbean Resort "Club Gitmo" to open for business!)
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To: Ken522

Oh joyous..the same crowd who financed, aided, abetted,and voted for the party that ruined their states wants to move to America?


67 posted on 11/11/2020 3:03:18 PM PST by Bonemaker (invictus maneo)
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To: Hojczyk

They literally have been reading my posts, including one again just today recommending that very thing.


68 posted on 11/11/2020 3:05:21 PM PST by Wuli
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To: Hojczyk

Better extend your residency requirement for voting to about 15 years.


69 posted on 11/11/2020 3:08:09 PM PST by RPTMS
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To: Hojczyk

Texas being so financially friendly to business is unfortunately helping the Dems in their quest to turn Texas blue.


70 posted on 11/11/2020 3:08:40 PM PST by al_c (Democrats: Party over Common Sense)
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To: Hojczyk

It’s a “progressive” disease; like cancer. The only way to stop it is to destroy it ... completely so it doesn’t come back.


71 posted on 11/11/2020 3:09:50 PM PST by glennaro (Pity those who mask and cower out of fear; condemn those who promote fear as a virtue)
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To: Hojczyk

Got to make Texas go blue one way or another.


72 posted on 11/11/2020 3:10:03 PM PST by redgolum (If this culture today is civilization, I will be the barbarian)
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To: Wallace T.

Oklahoma has a State income tax. I’m all for moving to Montana and figuring out how to survive a winter.

Let the go to Austin, Houston, and Dallas. I’m not fond of those cities. They are already blue


73 posted on 11/11/2020 3:10:59 PM PST by DallasGal (Is wishing someone would die really all that bad?)
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To: Huskrrrr

Nasdaq, Inc.
Formerly Nasdaq Stock Market, Inc.
Total assets US$ 15.7 billion (2018)
Total equity US$ 5.4 billion (2018)
Owner Investment Corporation of Dubai (18.1%) Investor AB (11.8%)
Number of employees 4,099 (2018)


74 posted on 11/11/2020 3:11:16 PM PST by Bookshelf
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To: fedupjohn

If the Gov’t can have servers in Utah, then why can we just move the NYSE to west Texas? Plenty of room and very few tornados.


Wow. What a blow to NYC this would be if it happens!

No It’s a blow to Jersey, the servers are on our side of the river in case of another 911 attack.


75 posted on 11/11/2020 3:12:43 PM PST by Dacula (Don't NY MY Georgia!)
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To: dfwgator

It’s the burbs that will now turn blue, just like the Atlanta Burbs did.


And they’ll bring their H-1B’s with them, too. Now doubt that spigot will open fully should the steal go through.


76 posted on 11/11/2020 3:16:21 PM PST by lodi90
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To: Hojczyk

Would love to see NYC eat it but that move would ruin Texas forever.


77 posted on 11/11/2020 3:18:07 PM PST by SoFloFreeper
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To: Salty Longshanks

I, too, watch Varney and Li each am. They’re great!


78 posted on 11/11/2020 3:21:00 PM PST by Wm F Buckley Republican
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To: Hojczyk

Maybe a few Dems move to Dallas, but it doesn’t take many to run a server farm and TX has plenty of local talent. It’s not like Wall Street is moving from NYC to DFW.


79 posted on 11/11/2020 3:23:59 PM PST by LucienCA13 (sorry if you are microaggrieved)
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To: MV=PY

It says they were meeting with the governor so I assume that is why they would be in the capital.


80 posted on 11/11/2020 3:28:42 PM PST by Republican Wildcat
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