Nasdaq has year 2007 problem
- From: maxlivelife@xxxxxxxxx
- Date: 11 Apr 2007 01:06:08 -0700
Hello Fellows,
This is a nice articcle found on below sites
Find more on www. nasdaqbull .com and below
The Nasdaq exchange has a Year 2007 issue. In November, Nasdaq said
the exchange will change its systems to account for stocks with
tickers from other exchanges by Jan. 31, 2007.
Traditionally, stocks that trade on Nasdaq have tickers at least four
characters long, such as Microsoft's "MSFT" and Intel's "INTC." New
York Stock Exchange tickers have one to three characters (such as
General Electric's "GE"), and the American Stock Exchange has three.
Nasdaq's planning for the switch began in earnest in December and will
carry on through testing in the fourth quarter of 2006, according to
Adena Friedman, the exchange's executive vice president of corporate
strategy.
"We will have [more than a year] to prepare for this upcoming change,
so industry participants can include changes in their 2006 budget,"
Friedman says.
Nasdaq's effort comes in response to a Securities and Exchange
Commission request that markets develop a national symbology plan.
Under the plan, exchanges would be able to trade issues across all
markets to improve business continuity, make markets interchangeable
and allow trading across all exchanges. ....
more on www. nasdaqbull .com and www.findarticles.com
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