Nasdaq Fights to Remain on Top
Traders Magazine, April 2002
Nasdaq, increasingly facing competition and regulatory controversy, is fighting to retain its primary position in the U.S. markets. "The last thing Nasdaq wants to lose is its reputation as a primary market for capital formation in the United States," Nasdaq Chairman Hardwick Simmons, told the Financial Times. Nasdaq is facing competition for print revenue as well as quotes. Its last quarterly report showed reduced earnings. Nasadq, which has lost 60 percent since its high during the dot.com craze, has shattered many a portfolio.
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