A Tale of Two Cities: FinTech, Data Face East–West Challenges

newyorksanfrancisco

US financial technology and market data companies have always faced the question of where to locate their business: on the West Coast’s Silicon Valley, or close to customers in the financial centers of New York and Chicago. Traditionally, this decision may have been based on proximity to the founder’s hometown or university. But with cities prepared to invest heavily in attracting tech talent—such as San Francisco, which last year offered Twitter significant tax breaks to remain in the city—loca