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Nasdaq Index Hardball Doesn't Impress ArcaEx

Traders Magazine, February 2004

Peter Chapman

The Archipelago Exchange (ArcaEx), which recently launched its listings initiative, is crying foul over a rule change by Nasdaq. Nasdaq amended a rule that governs participation in its high-profile Nasdaq 100 index. Now, if a company wants to enter or remain in the index, it must list its shares exclusively on Nasdaq. It cannot dual list elsewhere.

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