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New York Stock Exchange LLC; Notice of Filing of Proposed Rule  Form

New York Stock Exchange LLC; Notice of Filing of Proposed Rule Form

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uh there is this proposed uh trade tax on the table um i'm curious i know you're threatening now and as as are others to leave the state what the cost of doing that would be andrew good morning thanks for having me on it's important to recognize who ends up paying this tax tax the announcement that we made about considering moving outside of new jersey is in response to our customers asking us what we would do because that they ultimately that tax gets passed on to the end user like other taxes so the end consumer whether it be a retail investor a pension fund a professional investor they're the ones that are going to end up paying the tax new jersey is estimating that it's roughly six billion dollars that they could raise with this tax that works out to being about a quarter of a cent uh per per transaction that that's far more significant than the actual transaction fees that that the new york stock exchange charges so we're res

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