Return to Transcripts main page
CNN Live At Daybreak
Nasdaq Wants Blue Chip Firms to List on Both Markets
Aired January 08, 2004 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Why be limited to only one market? In fact, companies may soon list on all exchanges.
Carrie Lee has more on the story live from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol, or at least the Nasdaq as well as the New York Stock Exchange. Very interesting development today is reported in "The Wall Street Journal." The Nasdaq stock market is lobbying large blue chip companies that trade on the New York Stock Exchange to list their shares on the Nasdaq and the Big Board as part of a program it plans to launch next week.
Now neither the Nasdaq nor the NYSE are officially commenting, but "The Journal" reports that the Nasdaq, which of course competes against the Big Board now for corporate listings, plans to announce that Hewlett-Packard, one of the Dow 30 stocks, now trades on the NYSE, has agreed to list on both markets. Very interesting development as recently, of course, these boards have been very competitive. The markets have been very competitive.
Nasdaq is known a lot for technology issues. The NYSE, though, has that very famous floor trading system. Could (INAUDIBLE) be good for investors because the more (INAUDIBLE) you have trading stocks improves the liquidity and that could potentially mean better prices.
And also reportedly the Nasdaq has talked to some other companies, including AIG, American International Group, Charles Schwab and Pfizer. So we'll see what happens. Again, this is according to "The Journal" at this point, Carol, but really an unprecedented (ph) idea here. Quite a different trading system if this does go through. We'll see.
COSTELLO: Very interesting. All right, we'll talk to you again in the next half hour. Carrie Lee live from New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired January 8, 2004 - 06:17 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
CAROL COSTELLO, CNN ANCHOR: Time for a little 'Business Buzz' now. Why be limited to only one market? In fact, companies may soon list on all exchanges.
Carrie Lee has more on the story live from the Nasdaq market site.
Good morning.
CARRIE LEE, CNN FINANCIAL NEWS CORRESPONDENT: Good morning, Carol, or at least the Nasdaq as well as the New York Stock Exchange. Very interesting development today is reported in "The Wall Street Journal." The Nasdaq stock market is lobbying large blue chip companies that trade on the New York Stock Exchange to list their shares on the Nasdaq and the Big Board as part of a program it plans to launch next week.
Now neither the Nasdaq nor the NYSE are officially commenting, but "The Journal" reports that the Nasdaq, which of course competes against the Big Board now for corporate listings, plans to announce that Hewlett-Packard, one of the Dow 30 stocks, now trades on the NYSE, has agreed to list on both markets. Very interesting development as recently, of course, these boards have been very competitive. The markets have been very competitive.
Nasdaq is known a lot for technology issues. The NYSE, though, has that very famous floor trading system. Could (INAUDIBLE) be good for investors because the more (INAUDIBLE) you have trading stocks improves the liquidity and that could potentially mean better prices.
And also reportedly the Nasdaq has talked to some other companies, including AIG, American International Group, Charles Schwab and Pfizer. So we'll see what happens. Again, this is according to "The Journal" at this point, Carol, but really an unprecedented (ph) idea here. Quite a different trading system if this does go through. We'll see.
COSTELLO: Very interesting. All right, we'll talk to you again in the next half hour. Carrie Lee live from New York.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
