A stock exchange could be coming to Wilmington.
Trade Holdings Incorporated will be coming to the New Castle County Council to ask for a $15 million when it meets tomorrow
The firm wants to create two alternative trading systems that would include one for small and medium businesses that do not qualify for the Nasdaq of the New York Stock Exchange.
The other would take care of U.S. and foreign securities.
The Wilmington News Journal reports that the bond would raise money for the technology to set up the exchange.
Along with private investment it would help meet financial requirements.
The firm’s CEO John Wallace was the former CEO of the Philadelphia Stock Exchange.
In addition, the paper reports that Dick Grasso, the former chair and CEO of the New York Stock Exchange, was also listed as an advisor.
