Apparently tired of being in New Jersey, NASDAQ is looking to move part of it's operation and it could land in Texas.
Texas Governor Greg Abbott said in a tweet he's been talking to the "Nasdaq stock exchange about moving some of their operations to Texas."
Sources suggest that the Dallas-Fort Worth area is a strong candidate.
Other states are in the running but Abbott is pitching Texas' no-income tax environment, a big advantage over high state income tax states like New Jersey and New York.
Furthermore, New Jersey has a proposal to levy a per-transaction tax on stock trades. NASDAQ bosses don't like that. And, Texas also offers NASDAQ the opporunity to run its power-intensive infrastructure, think massive computers, on wind-power electricity which is abundant in Texas.
A lot of environmentally conscious companies are listed on the NASDAQ so that's important to them.
