Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

IbogaProject

(5,642 posts)

4. It is a hedge against the on the books NY State tax on stock trades

Reply to unblock (Reply #3)

Mon Jan 19, 2026, 01:00 PM

20 hrs ago

There is a small tax like a penny a share (not sure the exact amount) that has only been collected two years from 1900 to now. And those two years were refunded afterwards. So I'm guessing this extra exchange is being set up as a backup location for the servers and as a hedge against New York State getting any ideas about taxing the exchange it self.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

4 replies

= new reply since forum marked as read

Highlight:

Trump says building a 'New York Stock Exchange' in Dallas is bad thing for New York [View all] BumRushDaShow Yesterday OP

Sounds bad to me, too, but now I have to reconsider. bluedigger Yesterday #1

Wasn't Chicago a venue for a secondary listing Farmer-Rick 23 hrs ago #2

There have been a couple dozen regional stock exchanges unblock 22 hrs ago #3

It is a hedge against the on the books NY State tax on stock trades IbogaProject 20 hrs ago #4