Abstract Thinking: The effects of the NYSE leaving New York
What would happen to the New York/Greater NYC economy if the NYSE moved to a different city? Yes, the probability of this happening is extremely low, but thought it would be a good mental model exercise.
The NYSE would be converted to apartments and nothing else would change.
Probably nothing? 30 years ago it would have been a disaster. But we have this thing called the internet, which has pretty much rendered the physical location of the NYSE obsolete. As far as I know, people only really use it to put on a show when they IPO...
Most likely nothing. Moving the NY Fed would probably have a larger impact, and uprooting the CBD would have an effect, but as of right now I can't think of any other places that have a relatively well-built infrastructure (transportation and broadband) with a large amount of top-notch vacant office space for all those firms to move to (except for ghost cities in China).
The CAC40 (French S&P500) and more french indexes are based in the outskirts of London nowadays. Nothing has changed. I would assume the same would happen to NYC.
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