BMC Moves From NYSE To Nasdaq

HOUSTON (TheStreet -- BMC Software(BMC Quote) is shifting its listing from the New York Stock Exchange to the Nasdaq Stock Market, as competition between the two trading heavyweights intensifies.

The software maker announced the move before market open Tuesday, citing the increasing importance of Nasdaq's electronic trading.

"After much consideration, we believe that Nasdaq's electronic trading platform will provide our shareholders with access to the most advanced technologies and most cost effective services available in the stock market today," BMC CEO Steve Solcher said in a statement.

BMC, which beat Wall Street's estimates in its recent first-quarter results, will make the change Oct. 26.

The management software maker is not the only company shifting exchange at the moment. Juniper Networks(JNPR Quote), for example, is jumping in the other direction, moving its listing from the Nasdaq to the NYSE.

With more than 8,000 listed companies, the NYSE, operated by NYSE Euronext (NYX Quote) dwarfs the Nasdaq's tally of just over 3,700, although the Nasdaq OMX Group (NDAQ Quote) says that demand is increasing. The exchange has 171 listings in the pipeline from sectors such as biotech, technology and social media, according to a statement released last week.

The Nasdaq has won over a dozen IPOs this year, raising $4.2 billion, including recent high-profile offerings from Shanda Games(GAME Quote), Changyou.com(CYOU Quote) and A123 SYSTEMS(AONE Quote). -- Reported by James Rogers in New York