NEW YORK, Dec. 27, 2006 (PRIME NEWSWIRE) -- The Nasdaq Stock Market, Inc. (Nasdaq:NDAQ) announced that E-TRADE FINANCIAL (Nasdaq:ETFC) will begin trading its common stock on the NASDAQ Global Select Market today under the symbol ETFC. E-TRADE FINANCIAL will also trade mandatory convertible notes known as Equity Units on NASDAQ under the symbol ETFCP.
"We are very pleased to welcome E-TRADE FINANCIAL to NASDAQ and to support their continued innovation and future growth," said Bob Greifeld, President and Chief Executive Officer of NASDAQ.
The E-TRADE FINANCIAL listing caps a record-breaking year for companies transferring to NASDAQ from other exchanges. NASDAQ has attracted New York Stock Exchange-listed companies with over $34 billion in market capitalization and 35 companies from other U.S. exchanges. NASDAQ's industry-leading technology, lower investor and issuer costs, and unique product and service support have contributed to attracting an increasing number of companies as they evaluate their listing market.
About NASDAQ
NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists more companies and, on average, its systems trade more shares per day than any other U.S. market. NASDAQ is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the NASDAQ Web site at http://www.nasdaq.com or the NASDAQ Newsroom at http://www.nasdaq.com/newsroom/.