6 ms·
What's the actual difference between NYSE Texas and the traditional NYSE?
by sharth 2y ago
What's the actual difference between NYSE Texas and the traditional NYSE?
- rchaud 2y agoNYSE is TED, NYSE TX is TEDx.
- JohnTHaller 2y agoThis is the NYSE Chicago exchange moving to Texas.
- swyx 2y agoitself a pretty crazy confusing sentence
- saghm 2y agoIt's giving "Thursday Night Football on Saturday" vibes.
- selimthegrim 2y agoThursday morning football
- janderson215 2y agoLos Angeles Angels at Anaheim
- saghm 2y agoThat's another one of my favorites! Not only is it nonsense, but I've also seen it pointed out that if you translate "Los Angeles" to English, it becomes "The The Angels Angels of Anaheim"
- w-ll 2y agoJudges
- JumpCrisscross 2y agoWrong. Most NYSE-listed companies are not incorporated in New York.
- blackeyeblitzar 2y agoBut the exchange itself is subject to a different regulatory framework. It isn’t just federal regulations that affect them.
- JumpCrisscross 2y ago> the exchange itself is subject to a different regulatory framework Exchanges are subject to many regulations. Which are you referring to? This is literally NYSE Chicago changing venues. I think James Beard just fucked off to the Windy City. Austin has better gala weather, granted.
- programjames 2y agoAbout 8μs, or a couple trades.
- dmurray 2y agoThe data centres will almost certainly stay in New Jersey with the rest of the US equity trading infrastructure.
- qeternity 2y agoWell, the most important US equity market is in Aurora…
- reaperman 2y agoWhat is this a reference to?
- dmurray 2y agohttps://en.wikipedia.org/wiki/Chicago_Mercantile_Exchange https://en.wikipedia.org/wiki/Chicago_Mercantile_Exchange
- reaperman 2y agoIt looks like CME's HQ is near Millennium Park in the center of Chicago, not part of Aurora (CO, IL, OH, IN, MO, NE, NY, or OR).
- kasey_junk 2y agoCme runs their matching engine out of a datacenter in aurora il
- toomuchtodo 2y agoCyrusOne off of I-88. https://www.cyrusone.com/data-centers/north-america/aurora-il https://www.cyrusone.com/data-centers/north-america/aurora-i... (gives 350 E Cermak a run for its money, and can't beat the 'burbs over downtown chi)
- JumpCrisscross 2y agoThe same difference as between the NYSE and each of the Miami International Stock Exchange; NYSE Chicago, Inc.; and the Nasdaq BX, Inc. (f/k/a the Boston Stock Exchange) [1]: jack shit. [1] https://www.sec.gov/about/divisions-offices/division-trading-markets/national-securities-exchanges https://www.sec.gov/about/divisions-offices/division-trading...
- DontchaKnowit 2y agoI dont think you know what you are talking about because there are differences between the exchange. For one, theyre run by different business entities, they have differences in the regulatory programs, and they also have differences in the fee schemes, e.g. how they make money on the order flow going through the exchange. People tend to be very reductionist about finance when they really they just dont fully understand.
- JumpCrisscross 2y ago> dont [sic] think you know what you are talking about As someone who has participated in the founding of a stock exchange, and who electronically traded equities and equity derivatives across every exchange in America, I really do. > they have differences in the regulatory programs What pertinent regulations do you think separates a BATS trade of a share of stock in a Texas corporation listed on the NYSE from an internal cross in a California bank of another Texas corporation listed on the NYSE Texas that has to do with the listing exchange? > they also have differences in the fee schemes, e.g. how they make money on the order flow going through the exchange This is market microstructure. Nothing in the announcement indicates a different microstructure from the other NYSEs.
- DontchaKnowit 2y agoWell the regulations are the same but some exchanges are SROs so they all have different regulatory/surveillance programs. Also different exchanges list different securities. Also I don't understand why you would think that differences in "market micro structure" equates to "jack shit" differences. Its fairly significant, especially for high volume trading.