This is probably just a preemptive move in case of a New York state financial transaction tax and has less to do with any other political issues. This isn't "Texas" setting up their exchange, it's Blackrock and Citadel. The CME had this issue with Chicago/Illinois politicians demanding a financial transaction tax so they are did things to be set up to leave immediately if it passed.
==The CME had this issue with Chicago/Illinois politicians demanding a financial transaction tax so they are did things to be set up to leave immediately if it passed.==
Has a bill ever even existed to pass in Illinois? This idea seems to be brought up more as a scare tactic from the trading and business community than as a revenue generator from actual politicians.
Chicago has always been fought over between speculative interests who want parts of the city to remain poor for cheap development, and more “citizen focused” groups that want the resource to be taxed for the betterment of all.
Most of Ken Griffin’s work has been buying his family name on things and repeating anxieties about crime and (lack of) policing without actually providing solutions or even calling out root causes. But again, he’s not really a citizen of Chicago, nor the US. People at his level of control (his admitted price fixing, or moving trades to dark pools) have inherited and expanded on wealth to the point where they don’t need friends or social programs or infrastructure to live out 90 years on the planet.
