One the anniversary of Nasdaqs March 10, 2000 5,048 high, and at a time when 700 companies have been delisted from the exchange over the past three years, Nasdaq is looking at other trading opportunities, The New York Post reports.
Nasdaq is set to launch a new exchange for 1,500 small companies called BBX, replacing Nasdaqs bulletin board, which currently trades 1,000 companies.
"We want to create a better environment for good, solid, small companies that are well-run and care about shareholders," Staci Warden, BBX director, told The Post.
The staff of Mutual Fund Market News ("MFMN") has prepared these Reuters and New York Post capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MFMN, and have not prepared, sponsored, endorsed, or approved these summaries.