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What does this mean for Chicago? Certainly seems like a loss for them. Does this reflect any broader trends about Chicago’s position as a financial hub?
by pimlottc 2y ago
What does this mean for Chicago? Certainly seems like a loss for them. Does this reflect any broader trends about Chicago’s position as a financial hub?
- deleted 2y ago[deleted]
- minimax 2y agoIt doesn't mean anything for Chicago. "NYSE Chicago" is an electronic exchange hosted in New Jersey. It has Chicago in the name because NYSE bought the old Chicago Stock Exchange in 2018 (which was partially hosted in Chicago and partially in NJ... it was weird). To my knowledge post-2018 NYSE Chicago never had any trading operations in Chicago. NYSE does have sales people in Chicago because of the large prop trading community in the city and it would be hard to see how this NYSE Texas situation changes that.
- dangus 2y agoIn other words, NYSE wants technical operations in a state with piss poor labor protections.
- cosmic_quanta 2y agoChicago remains the hub for commodities