AUSTIN, Texas—The Army Exchange said Thursday it would not link its New York Stock Exchange, the world’s largest exchange, to a Chinese-based exchange and the possibility of an exchange listing.
The New York exchange, which operates with a US dollar trading rate, is the biggest exchange in the world.
“We are committed to working with our customers to establish an effective and secure infrastructure that supports the exchange and is fully compliant with US laws and regulations,” the exchange said in a statement.
However, the New York stock exchange has faced several controversies over the past year and could be a target for hackers and fraudsters.
Earlier this month, a hacker stole $60 million from a New York brokerage, causing a stock market crash that wiped out more than $300 billion.
Last month, the Army announced it would shutter a website, including an internal chat channel, after hackers broke into the network.