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NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades
The Wall Street Journal ^
| 11 Sept 2020
| Alexander Osipovich and Joseph De Avila
Posted on 09/11/2020 7:07:49 AM PDT by Theoria
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1
posted on
09/11/2020 7:07:50 AM PDT
by
Theoria
To: Theoria
They should just do it now simply for them bringing up the proposal to TAX Trades.
2
posted on
09/11/2020 7:10:21 AM PDT
by
eyeamok
To: Theoria
Liberals are so f—king stupid when it comes to taxes.
To: Theoria
Democrats: “If it moves, tax it!”
NYSE: “Just try to catch me.” (flips light switch in NJ off, and flips another one on in a different state)
4
posted on
09/11/2020 7:12:49 AM PDT
by
VanDeKoik
To: Theoria
Escape New York!
Why dont they tax the UN?
To: Theoria
Stock exchanges are just black boxes nowadays. Very little trading gets done on the floor.
6
posted on
09/11/2020 7:14:48 AM PDT
by
Fido969
(In!)
To: Theoria
Illinois will want to tax this too.
Get to work on a facility in South Dakota.
7
posted on
09/11/2020 7:16:22 AM PDT
by
Buckeye McFrog
(Patrick Henry would have been an anti-vaxxer.)
To: eyeamok
They should just do it now simply for them bringing up the proposal to TAX Trades. The high speed trading algorithms have gotten so ridiculous that microseconds matter. A one mile change in length of the wires/fiber optic cables means a 5.3 microsecond change in one direction communication speed. They don't want to move if they don't have to.
8
posted on
09/11/2020 7:17:53 AM PDT
by
KarlInOhio
(In 2016 Obama ended America's 220 year tradition of peaceful transfer of power after an election.)
To: Theoria
NYSE Signals It Will Exit New Jersey if State Taxes Stock Trades ................. what exit?...............[NJ joke]..............
9
posted on
09/11/2020 7:18:29 AM PDT
by
Red Badger
(Sine Q-Anon.....................very............)
To: Theoria
“New York Stock Exchange will temporarily run one exchange from Chicago to show its readiness to move”
I wonder if Chicago or Illinois would try to tax in the future too. Chicago is broke.
10
posted on
09/11/2020 7:18:56 AM PDT
by
DEPcom
To: Theoria
Liberals, killing the goose that laid the golden egg ... again
11
posted on
09/11/2020 7:19:12 AM PDT
by
PIF
(They came for me and mine ... now its your turn)
To: eyeamok
They should just do it now simply for them bringing up the proposal to TAX Trades. Copy that - emphasis on doing it NOW. Today!
12
posted on
09/11/2020 7:19:28 AM PDT
by
Menehune56
("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius (170 BC - 86 BC))
To: Theoria
The state just needs a taste. They just need to get there beaks wet.
To: KarlInOhio
Left off the rest:
I wonder what craziness is going on in the market with moving the official trading to Chicago, unless they have everyone's trades still going to the computer in New Jersey and then sharing a common communication path to Chicago to change the trading computers' reaction speeds. Otherwise a broker based in Chicago suddenly gets a leg up over the ones in New York.
14
posted on
09/11/2020 7:20:24 AM PDT
by
KarlInOhio
(In 2016 Obama ended America's 220 year tradition of peaceful transfer of power after an election.)
To: Buckeye McFrog
Get to work on a facility in South Dakota.
Yes. There's a reason why so many credit card companies are based there. Nevada and Delaware are sound choices, too. I would avoid Nevada for the gambling connotation, but Delaware is kind of an old school, corporation-friendly state, and Joe Biden can take Amtrak to it.
15
posted on
09/11/2020 7:20:30 AM PDT
by
Dr. Sivana
(There is no salvation in politics)
To: KarlInOhio
“The high speed trading algorithms have gotten so ridiculous that microseconds matter. “
If the exchange moves then other businesses (brokers) will follow then.
16
posted on
09/11/2020 7:20:36 AM PDT
by
DEPcom
To: Theoria
Leading NJ Democrats are modern day Rhine castle operators.
To: KarlInOhio
The high speed trading algorithms have gotten so ridiculous that microseconds matter. A one mile change in length of the wires/fiber optic cables means a 5.3 microsecond change in one direction communication speed. They don't want to move if they don't have to. They can if they want to save a ton in prospective taxes, if that is what it comes down to.
The HSTs will just follow the exchange servers. They are run just by software anyway.
18
posted on
09/11/2020 7:22:32 AM PDT
by
Fido969
(In!)
To: Dr. Sivana
There's a reason why so many credit card companies are based there.
Yes, it was because they abolished their state usury laws in the 70's and suddenly customers could be charged 30+% compound interest. Not really a fan of that.
My comment was based on 2020 realities and Kristi Noem being perhaps our last freedom-loving Governor.
19
posted on
09/11/2020 7:23:23 AM PDT
by
Buckeye McFrog
(Patrick Henry would have been an anti-vaxxer.)
To: Red Badger
20
posted on
09/11/2020 7:23:27 AM PDT
by
xp38
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