The New York Stock Exchange is considering an earlier open in an attempt to capture trading volume from European exchanges, according to a report from the online edition of the Financial Times.
Catherine Kinney, NYSE president and co-chief operating officer, told
the move is among a number of possibilities being explored by the exchange to diversify revenue streams.
The Big Board also is examining ways to become a secondary market for trading European-listed stocks rather than just their American Depositary Receipts. In addition, Kinney said the NYSE wanted to boost its exchange-traded funds business and had applied to the
Securities and Exchange Commission
to expand corporate bond trading, according to the Web site.