Nasdaq in Talks to Move to Texas as NJ Mulls Transactions Tax

10/7/20

"I've been talking with the Nasdaq (NASDAQ:NDAQ) stock exchange about moving some of their operations to Texas," tweeted Texas Governor Abbott overnight. "They want to flee higher taxes."

Sources say the discussions involve a move for Nasdaq's electronic trading systems from New Jersey to Dallas-Fort Worth. Texas isn't alone in trying to lure Nasdaq from the Garden State - several other states are reportedly in talks with the exchange operator.

His state's finances under a good deal of pressure, New Jersey Governor Phil Murphy is mulling a financial transaction tax.

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