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Chicago Mercantile Exchange could be relocating to Dallas
Posted on 9/27/23 at 6:58 pm
Posted on 9/27/23 at 6:58 pm
If Dallas lands the CME that would absolutely make Dallas one of the worlds financial centers. Crazy to think this could even happen to Chicago 10 years ago.
"The Republican leader said he’s spoken to CME Group Inc., the world’s largest futures exchange, about relocating to the Lone Star State. CME and other Chicago-based trading firms have complained about a pickup in violent crime since the pandemic as well as potential tax increases floated by the mayor.
“I actually have approached the CME,” Abbott said Wednesday in an interview with Bloomberg Television in New York. “There are some businesses in Chicago that are fed up.”
Goldman Sachs Group Inc. is building a new campus in the upscale Dallas neighborhood of Victory Park. The almost $500 million, 815,000-square-foot campus is set to start construction in the coming months and will house thousands of Goldman Sachs workers when it opens in 2027.
Bank of America Corp. just announced it will be moving local operations to a new skyscraper that will be about a half mile from Goldman’s planned campus. The bank plans to relocate about 1,000 workers from its signature Main Street skyscraper in downtown Dallas to a 30-story Uptown office tower to be built overlooking Klyde Warren Park.
Another big lender, Wells Fargo & Co., has broken ground on a new $500 million campus in Irving. It cited North Texas’ growing financial sector employment as a major factor in its decision to build an 850,000-square-foot, 22-acre office project in Las Colinas.
CME, the Chicago Mercantile Exchange, has been in the Windy City for more than a century, and luring one of the most iconic trading firms to Texas would be a huge step forward and one that would diversify the financial services industry in the state.
Abbott’s remarks follow reports that CME and other financial firms in Chicago, including CBOE Global Markets Inc. and IMC, are alarmed by Mayor Brandon Johnson’s idea for $800 million in taxes, including a levy on financial transactions. In May, CME Chief Executive Officer Terry Duffy said the company is prepared to leave Chicago if local and state officials take steps that are “ill-conceived.”"
Dallas Morning News
"The Republican leader said he’s spoken to CME Group Inc., the world’s largest futures exchange, about relocating to the Lone Star State. CME and other Chicago-based trading firms have complained about a pickup in violent crime since the pandemic as well as potential tax increases floated by the mayor.
“I actually have approached the CME,” Abbott said Wednesday in an interview with Bloomberg Television in New York. “There are some businesses in Chicago that are fed up.”
Goldman Sachs Group Inc. is building a new campus in the upscale Dallas neighborhood of Victory Park. The almost $500 million, 815,000-square-foot campus is set to start construction in the coming months and will house thousands of Goldman Sachs workers when it opens in 2027.
Bank of America Corp. just announced it will be moving local operations to a new skyscraper that will be about a half mile from Goldman’s planned campus. The bank plans to relocate about 1,000 workers from its signature Main Street skyscraper in downtown Dallas to a 30-story Uptown office tower to be built overlooking Klyde Warren Park.
Another big lender, Wells Fargo & Co., has broken ground on a new $500 million campus in Irving. It cited North Texas’ growing financial sector employment as a major factor in its decision to build an 850,000-square-foot, 22-acre office project in Las Colinas.
CME, the Chicago Mercantile Exchange, has been in the Windy City for more than a century, and luring one of the most iconic trading firms to Texas would be a huge step forward and one that would diversify the financial services industry in the state.
Abbott’s remarks follow reports that CME and other financial firms in Chicago, including CBOE Global Markets Inc. and IMC, are alarmed by Mayor Brandon Johnson’s idea for $800 million in taxes, including a levy on financial transactions. In May, CME Chief Executive Officer Terry Duffy said the company is prepared to leave Chicago if local and state officials take steps that are “ill-conceived.”"
Dallas Morning News
Posted on 9/27/23 at 7:00 pm to MrLSU
Chicago (Jxn) is Dallas (BR) in 20 years
Posted on 9/27/23 at 7:02 pm to MrLSU
Dallas Mercantile Exchange will have no random violence like Chiraqistan, Dallas Cowbaw cheerleader hostesses, complimentary 8-balls direct from jew know who, ivory ash trays, mahogany wood paneling, marble floors, catered buffets from Bob's, Baby Dolls dancers in private rooms for a fee, and free t-shirts.
Posted on 9/27/23 at 7:02 pm to MrLSU
100% has to do with taxes and 0 to do with violent crime.
Posted on 9/27/23 at 7:06 pm to BigBobbyStorey
Chicago's new Mayor is pushing for a city income tax which would levy a 3.5% tax on all household income above $100,000.
Posted on 9/27/23 at 7:21 pm to MrLSU
MOAR tax dollars.
Never, ever cut entitlement programs.
Thank a democrat.
Never, ever cut entitlement programs.
Thank a democrat.
Posted on 9/27/23 at 7:25 pm to MrLSU
Chicago is on it's way to being the next Detroit.
Will have a largely gutted city surrounded by decent to very nice suburbs.
Will have a largely gutted city surrounded by decent to very nice suburbs.
Posted on 9/27/23 at 7:29 pm to TexasTiger33
quote:
8-balls direct from jew know who
We deal in jewels, not drugs, buddy
Posted on 9/27/23 at 7:50 pm to TexasTiger33
This would be a huge shift
Hope you baws own some land between nyc and Dallas, they’re gonna run dedicated fiber lines between the two
Hope you baws own some land between nyc and Dallas, they’re gonna run dedicated fiber lines between the two
Posted on 9/27/23 at 8:10 pm to wileyjones
Chicago is the next Detroit. Congrats lib idiots.
Posted on 9/27/23 at 8:28 pm to MrLSU
Isn’t that where Randolph and Mortimer ran up the price of frozen concentrated orange juice?
Posted on 9/27/23 at 8:55 pm to MrLSU
Just what Texas needs, more finance bros. :eyeroll:
Posted on 9/27/23 at 8:59 pm to MrLSU
When you elect a Communist, you get Communism. Come on down CME.
Posted on 9/27/23 at 9:02 pm to MrLSU
quote:
Chicago's new Mayor is pushing for a city income tax which would levy a 3.5% tax on all household income above $100,000.
wow
Posted on 9/27/23 at 9:27 pm to kywildcatfanone
quote:
MOAR tax dollars.
To be fair, prior to 1980 Republicans were the fiscally responsible party, now both parties blow through money and print more while blaming each other instead of fixing it.
Posted on 9/27/23 at 9:36 pm to MrLSU
I don't see this actually happening, but if it does Chicago is terminal.
Posted on 9/27/23 at 9:57 pm to MrLSU
Ultimately, this feels like an NFL move. Threaten to move, get a bunch of concessions, and stay. I mean, Continental moved their HQ to United HQ in Chicago after the acquisition. That was a total WTF moment for me.
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