(Bloomberg) -- Soon there'll be a little less Wall Street on Wall Street.
Nasdaq Inc., a pioneer in the shift to electronic trading, announced Wednesday it will move its global headquarters to 4 Times Square by December of 2021 to join its MarketSite facility, where it rings in the start and end of each day's trading session, among other ceremonies.
Nasdaq has signed a 15-year lease for 145,000 square feet (13,470 square meters) in the Durst Organization Inc. building, including an extension of its current lease of 24,000 square feet for the space that serves as its public face, according to a statement by the two companies. It is currently based at 1 Liberty Plaza.
Among the firms that have moved partly or entirely from lower Manhattan are JPMorgan Chase & Co. and Morgan Stanley, which is now based at 1585 Broadway near Times Square, after opening for business in 1935 at 2 Wall St. Nasdaq's move is good news for Times Square, which faces defections from some of its longtime tenants.
To contact the reporter on this story: David M. Levitt in New York at dlevitt@bloomberg.net.
To contact the editors responsible for this story: Daniel Taub at dtaub@bloomberg.net, Peter Jeffrey
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