Nasdaq Index Hardball Doesn't Impress ArcaEx
Traders Magazine, February 2004
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.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.