I guess NYSE feels operating 2 exchanges in the same region (Midwest) is unnecessary expense. There’s plenty of confusion on my part as to the exact purpose of

I guess NYSE feels operating 2 exchanges in the same region (Midwest) is unnecessary expense. There’s plenty of confusion on my part as to the exact purpose of a NYSE branch. I thought it was to pre-empt the effort by some shady TX folks from setting up their own exchange (TSE). But, I don’t think that’s the case. It doesn’t seem to matter if you “list” at NYSE Chicago or NYSE. It will still be available for sell/buy in NYSE. Thus these companies still under regulatory oversight and mandatory reporting of NYSE. The NYSE Chicago branch, to me, is just a convenient place to buy/sell securities listed on NYSE. In the pre-digital age, this makes sense. No need to go to NYC or establish relationships in NY, but can deal locally at the NYSE branch and get the same rates. But in this modern age, the exact purpose eludes me. I did find this on the Wiki page: > In 2016, CHX rolled out its on-demand auction product, CHX SNAP[20] (Sub-second Non-displayed Auction Process), which received regulatory approval[21] from the Securities and Exchange Commission in October 2015 and a thorough review from the Federal Reserve Bank of Chicago. CHX SNAP is designed to facilitate bulk trading of securities on a lit market and to minimize speed and information advantages enjoyed by only a few market participants. Perhaps plan is to rollback some protections and give more advantage to the much more wealthier market participants?