The New York Stock Exchange has ended a decades-old restriction that prevented stocks listed on rival exchanges from being bought and sold on its historic trading floor in lower Manhattan. The change took effect on Monday as part of a long-awaited upgrade of the NYSE’s systems. Now, Nasdaq -listed securities such as Apple or Kraft-Heinz, as well as any US exchange traded fund, can be traded on the NYSE’s flagship exchange for the first time. ...
New rules at the New York Stock Exchange (NYSE) came into effect on 9 April, allowing stocks listed on rival exchanges to be traded on the NYSE itself for the first time. The change follows significant numbers of exchanges pivoting to digital, and the creation of many more rival trading platforms. The move will allow large buyers and sellers to opt for NYSE human traders if they fear that making moves electronically would lead to price movements.