Abbott: Stock exchange coalition ‘impressed’ in visit to Texas Governor’s Mansion
By Dom DiFurio
5:55 PM on Nov 20, 2020 CST
The group meeting with Abbott calls itself the Coalition To Prevent the Taxing of Retirement Savings. It includes Nasdaq, CBOE Global Markets, Citadel Securities, data center operator Equinix, IEX, Members Exchange, New York Stock Exchange owner Intercontinental Exchange, TD Ameritrade Holding Corp., Virtu Financial and UBS.
Abbott said the exchanges are eyeing Dallas-Fort Worth for a potential move.
The state’s abundance of renewable energy, its independent power grid and cheap cost for electricity compared to New Jersey were discussed with the group, Abbott said. Tech giants Facebook and Google have already seized on the Texas power advantage, having invested in large data centers in North Texas recently.
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