Nasdaq announced today that six more companies had agreed to dual listing. They are APA, CDN, SCH, CFC, HPQ and WAG, which is a pretty impressive list. Once this process gets started and gains legitimacy, it will be hard for companies to justify not having dual status. Apparently there is a lot of pressure from mutual funds to go dual. On many platforms that retail traders use, it is cheaper to trade through Island than go NYSE. It is not hard to envision a lot of the volume departing the NYSE. What will happen to the specialists? How will the data providers handle this? Will there be a consolidated Lev II or will we have to look at NYSE and Lev II?