This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Nasdaq Hopes Portal Will Expand Global Reach

The Nasdaq Stock Market (NDAQ - Get Report) is hoping that its alliance with several big Wall Street firms to expand its trading platform for unregistered securities will entice international companies to list on the exchange.

Nasdaq announced Monday that it is expanding its Portal platform, originally launched in August, to include technology from 12 banks and brokerages, including Goldman Sachs (GS - Get Report), to create "an industry standard facility" that will serve the market for 144a equity securities.

The exchange has touted its platform as a way to enhance transparency and liquidity in the private market -- something that was virtually nonexistent when such transactions were completed by phone. Private placements have become much more common as firms such as hedge funds and other generally tight-lipped companies are looking for access to capital but do not want to undergo the rigorous compliance necessary for public companies under Securities and Exchange Commission rules.

Nasdaq CEO Bob Greifeld, in an interview with TheStreet.com, says the exchange's expansion in the unregistered securities market is a "strong component" of its overall strategic vision to gain more listings -- particularly from foreign companies.

"Many international companies want to list in the U.S. to raise capital in the U.S., but they find the regulatory burden is somewhat tough for them to handle," Greifeld says. "[Portal] would give us relationships [with] a number of different corporate organizations, which will put us in a position to market our product and services. We believe it's a perfect feeder system for our main market listings."
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
NYX $0.00 0.00%
BAC $17.22 1.18%
C $55.68 0.80%
GS $209.94 0.55%
JPM $68.07 1.11%

Markets

DOW 17,757.91 +138.40 0.79%
S&P 500 2,077.42 +14.31 0.69%
NASDAQ 5,013.1230 +26.2560 0.53%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs