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HOUSTON (

TheStreet

--

BMC Software

(BMC)

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.

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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) - Get Juniper Networks, Inc. Report

, 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)

dwarfs the Nasdaq's tally of just over 3,700, although the

Nasdaq OMX Group

I:IXIC

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) - Get Engine Gaming and Media, Inc. Report

,

Changyou.com

(CYOU) - Get Changyou.com Ltd. Report

and

A123 SYSTEMS

( AONE).

-- Reported by James Rogers in New York