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Nasdaq's Cohen Says Transaction Tax May Leave N.J. Worse Off

Sep.17 -- Tal Cohen, Nasdaq executive vice president and head of North American markets, explains why the exchange will temporarily move some operations to Chicago, escalating a dispute with New Jersey over proposed taxes that would generate billions of dollars from high-speed trading at the stock exchange and its rival firms. He speaks with Bloomberg's Sonali Basak, Caroline Hyde and Romaine Bostick on "Bloomberg Markets: The Close."