NYSE Chief Warns of Potential New York Exit If Stock Trades Are Taxed

Traders wearing masks work on the floor of the New York Stock Exchange in New York on May 26, 2020. Brendan McDermid/Reuters

The New York Stock Exchange may leave New York if state lawmakers approve a proposal to tax stock trades, the president of the exchange said on Feb. 9.

“The New York Stock Exchange belongs in New York,” Stacey Cunningham wrote in an op-ed in the Wall Street Journal. “If Albany lawmakers get their way, however, the center of the global financial industry may need to find a new home.”