The following has been recently posted to the NASDAQ Trader Web Site: Head Trader Alert #2004-037 - AFG becomes the Seventh Company to Announce it Will Dual List on the NASDAQ National Market. Please read the information below or click the link above to view via the web. Thank You. Audience All NASDAQ participants; Head Traders Overview Today, The NASDAQ Stock Market® announced that American Financial Group (NYSE: AFG) has been approved to dual list on NASDAQ®. AFG is the seventh New York Stock Exchange company that has announced its intention to dual list on NASDAQ. American Financial Group will trade on NASDAQ under its NYSE three-letter symbol (AFG), effective immediately. With this approval, AFG joins six other companies who announced their decision to list on the NASDAQ National Market® (NNM) as well as the New York Stock Exchange. They include: Apache Corporation (NYSE: APA), Cadence Design Systems (NYSE: CDN), The Charles Schwab Corporation (NYSE: SCH), Countrywide Financial (NYSE: CFC), HP (NYSE: HPQ) and Walgreens (NYSE: WAG). A Frequently Asked Questions document on the dual-listing initiative has been posted here on the NASDAQtrader.com website. General Information As outlined in the press release, companies wishing to dual list on NASDAQ must meet National Market listing standards. Firms listing on NASDAQ as well as the NYSE will trade under the same three-letter symbol on both markets. AFG has met NASDAQ's listing criteria standards and listing qualifications and has been approved for listing on the NASDAQ market. Firms listing on NASDAQ as well as the NYSE will trade under the same three-letter symbol on both markets. NASDAQ Market Center Trading Platform In March, NASDAQ announced the development the NASDAQ market center - a new high-capacity trading platform. The new trading engine is a technologically advanced and fully redundant platform that incorporates all of NASDAQ's current trading systems on one fast and functionality-driven system. It is a fully integrated order display, execution and trade reporting system for all NASDAQ National Market, NASDAQ SmallCap MarketSM, NYSE- and Amex-listed securities including ETFs. NASDAQ market center is a voluntary, open-access system that accommodates diverse business models and trading preferences. The NASDAQ market center is a new, consolidated name for what is essentially already a consolidated offering-encompassing both SuperMontage® for NASDAQ-listed and exchange-listed securities, and the Automated Confirmation Transaction ServiceSM (ACTSM). The new naming convention is simple and a more streamlined and accurate reflection of an enhanced marketplace. The NASDAQ market center offers trade execution and reporting for over 6,700 securities. For the most up-to-date information regarding the NASDAQ market center trading platform, please see the Hot Topics page on NASDAQtrader.com.
It's not like it will make any difference in the market. Marketing sceam in my opinion. All it is the company gets to pay twice when ever the Nasdaq eliminates the 1yr free trial period and another for the NYSE floor. .
With dual registration does that mean it will trade like qqq, with nyse and all the ecn/ market makers?
With dual registration does that mean it will trade like qqq, with nyse and all the ecn/ market makers?