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Stock Exchanges: Technology - Three rivals make plans for Russia and China.
- Article from:
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Financial Times Mandate
- Article date:
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December 1, 2006
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Copyright informationCOPYRIGHT 2006 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Roger Aitken
As the board of the London Stock Exchange (LSE) was fending off a GBP2.7bn ($5.3bn) 'final' offer from US-based Nasdaq on 20 November, the second- largest US equity exchange has enjoyed success attracting listings by international companies, so turning up the heat on its rivals.
In the US domestic market, Nasdaq could be described as positively turning the tables on its large rival, the New York Stock Exchange (NYSE). After introducing a 'Dual List Program' in September 2004, Nasdaq has seen a number of companies switch from the NYSE. Before that point, such a move was difficult.
And, while the numbers switching are small, some have gone the ...