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Article: Dumping the Bulletin Board?
- Article from:
- Traders
- Article date:
- December 1, 2004
- Author:
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Nasdaq, which just had another difficult quarter, is said to be finally preparing to give up its Bulletin Board operation, sources told Traders Magazine.
"They will turn it over to the NASD and let them run it," says one source, who wouldn't be quoted by name. "This is part of a move by Nasdaq to cut back on various money losing operations and concentrate on core operations that make them money." He adds that the NASD will run the Bulletin Board and charge Nasdaq for doing so.
A Nasdaq official said that, "we will not comment on speculation." The NASD declined comment.
Nasdaq has agonized over what to do with the troublesome Bulletin Board for ...